Video transcript provided by Newsy.com
After millions of shoppers fell victim to massive data breaches at Target and Neiman Marcus, a new report shows the mastermind behind the malware used in the attacks is a 17-year-old boy.
That’s according to security researchers for IntelCrawler. IntelCrawler’s president said while finding out who might be behind the vicious malware is a step in the right direction, it doesn’t tell investigators who’s responsible for the recent attacks on popular retailers.
“He is still visible for us, but the real bad actors responsible for the past attacks on retailers such as Target and Neiman Marcus were just his customers.”
The report says the teen allegedly created the malware last March and started selling it to an unreported number of cyberhackers in Eastern Europe for the relatively low price of roughly $2,000.
WFXT notes the teen is from the Ukraine while authorities believe the malware used in the Target and Neiman Marcus breaches was used by hackers in Russia.
Up to 110 million Target shoppers reportedly had much of their personal information like credit card numbers, PINs and even personal addresses compromised because of the breach. (Via WMAQ)
So far, Neiman Marcus hasn’t said how many customers might have had personal information stolen, but The New York Times reports the attack there started back in July and lasted much longer than Target’s breach.
A security expert told CNN the credit card information stolen from Target customers is being sold on the black market for as low as $1.50 apiece and the breach might even have ties to the Russian mob.
Making matters even more troubling, the data theft could possibly extend beyond those two stores.
Bloomberg reports a security company working with the government says there could potentially be several more stores where customers have had their data stolen. Researchers say there’s evidence similar attacks have been going on since last June and stores don’t even know about it.
Both Citibank and JPMorgan Chase have announced plans to reissue all of its customers’ debit cards in reaction to the recent security breaches.
7 thoughts on “17-year-old created malware used in Target breach: report”
good post Deggerdan
pay cash whenever you can. of course this reinforces the idea of an rfid chip in your tattoo or whatever for positive i.d. get ready for it. it’s coming.
Yes Paul, that`s a good point about those RFID chips. I should have thought of that. 😉
Saw an article about this yesterday. I passed because it was from Santilli’s site.
“The report says the teen allegedly created the malware last March and started selling it to an unreported number of cyberhackers in Eastern Europe for the relatively low price of roughly $2,000.”
No doubt by now the government’s made him an offer he couldn’t refuse.
So would this mean that Dave is partially right?
“As reported on KTAR FM radio, Phoenix, AZ., on January 17, 2014, the cyber attacks upon Target Inc., have Russian mafia fingerprints on the identity theft of over one hundred million Americans. If one knows their Russian history, we know that since the pretend collapse of the “former” Soviet Union, the KGB changed uniforms and ran the Russian mafia which also happens to be the origin source of Putin.”
Sure. Blame it on some anonymous kid in another country because there is no way to independently verify the story.
Why can’t the NSA that sniffs every byte going over the internet not able to find these people before the damage is done?
Because they’ve no intention of doing any such thing.