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Top Story: How a frightening new crime ring is stealing your credit card information

Top Story: How a frightening new crime ring is stealing your credit card information
PHOTO COURTESY OF SHUTTERSTOCK

Warning. If you're still using credit cards and debit cards with a black magnetic strip on the back, stop using them now.

Your card issuer was supposed to have replaced them with EMV cards by last October. (See photo above.) If they haven't, call your card issuer right now and demand one. A scary crime ring is targeting those old cards.

All your financial data on an old card's magnetic strip is easily stolen by hackers. Which is exactly why the hacker group Bears Inc. is ramping up hacks at retailers' point-of-sale payment systems. The hackers are targeting those vulnerable cards and POS systems when you make a payment.

Worse, the Bears Inc. malware Treasurehunt isn't well known to retailers or their cybersecurity teams. The Bears Inc. hackers are actively using it to steal your credit card information.

Treasurehunt records your financial information and sends it to their computer server. The Bears Inc. hackers have a website where they access your financial information.

The old cards that have magnetic strips store your financial details there. When hackers steal that information, they can use it to make purchases over and over. The Bears Inc. hackers are selling your financial information to other criminals.

Next page: Credit card crime: What you need to do
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