Police warning as hackers steal credit card details

Friday 17 August 2012

Article by Mozo

The Australian Federal Police have issued a warning after hackers stole half a million Australians' credit card details.

Police warning as hackers steal credit card details

Some $25 million was spent by the fraudsters during the spree, officers have revealed.

Speaking to the Sydney Morning Herald, a spokesperson for the force said: "The compromise is believed to have involved approximately 500,000 credit cards and resulted in more than $25 million in fraudulent transactions."

They added that the culprits were difficult to track because of the cross-border nature of the crime, making international cooperation vital if law enforcement agencies in Australia were to protect Aussie credit card holders.

Card fraud is something that all shoppers should be aware of – particularly when purchasing items on the internet.

According to PricewaterhouseCoopers, more than half of over-15s in the country shop online and total digital expenditure is expected to reach $26.9 billion by 2016.

Spending across the entire country appears to be on the rise too, according to recent figures from the Commonwealth Bank of Australia.

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