RiskIQ and Flashpoint Release Comprehensive Report on Magecart’s Assault on E-Commerce

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Leading Cyber Risk and Intelligence Teams Profile the Criminal Underworld Behind Large-Scale Credit Card Breaches

SAN FRANCISCO and NEW YORK, Nov. 13, 2018 (GLOBE NEWSWIRE) — RiskIQ, the global leader in digital risk management, today released a joint report with Flashpoint, the global leader in Business Risk Intelligence (BRI), analyzing Magecart, an umbrella term given to at least seven prolific cybercriminal groups placing digital credit card skimmers on thousands of compromised e-commerce sites.

The first-of-its-kind, in-depth report details seven individual Magecart groups with an analysis of their unique skimmer, tactics, and targets. The paper also analyzes the connection between this web-based activity and a thriving criminal underworld that enables these groups to operate. Readers will learn how Magecart groups monetize their campaigns via the sale and distribution of stolen cards on underground shops and a shadowy supply chain offering skimmer kits and compromised e-commerce sites-as-a-service.

The report also builds a timeline of the Magecart phenomenon from the inception of digital credit card skimming to…

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