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Daily Dashboard | POS Data Hacked, $3M in Fraudulent Charges Related reading: CFPB releases Consumer Protection Principles on financial data sharing


Romanian hackers allegedly infiltrated the point-of-sale (POS) systems of hundreds of small businesses, including more than 150 Subway franchises, reports ArsTechnica. Accessing the credit card information of around 80,000 customers and racking up $3 million in fraudulent charges, the hackers reportedly gained access by "cracking" weak passwords. "This is the crime of the future," said Dave Marcus of McAfee Lab, "root them from across the planet and steal digitally." Another security expert said smaller retailers are not required to comply with PCI security standards, but the Subway franchisees were provided security and POS standards, and some "blatantly disregarded" them.
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