Michaels Rock Hill Grille of Rock Hill, SC has been a target for Cyber Theft. The restaurant, over 30 patrons and possibly more were victimized by Credit Card Fraud. The culprits have accumulated over $60,000 in fraudulent charges too date, on debit/credit cards. Michael’s is an American grill restaurant, with a full service bar and a tropical island theme, owned by Michael and Elizabeth Boyce. They cater to the local neighborhood and the Winthrop University Community. They are also known for their excellent food and friendly service. Forty percent of their business comes from Winthrop University students and faculty.
Twelve Foreign Exchange students’ and approximately 20 other patrons’ credit cards were breached. It is also believed that the numbers are higher because, everyone has not come forward. All customers have been reimbursed. Security surveillance cameras have cleared the employees and thus ruling out an inside job. The Secret Service along with the local police are investigating. Have you personally experienced credit card fraud or identity theft?
Cyber Theft has become the preferred crime of criminals. In the past, the stolen accounts were shipped overseas but presently they are being used domestically. Why rob a bank, when you can accomplish the same feat with a computer? Panda Labs, the anti-malware laboratory of computer security recently published an array of prices for cyber crime related products, on the Black Market. For instance, $2.00 is paid for a credit card without a credit line or bank balance. $80.00 is paid for bank accounts with small balances and up to $700.00 is paid for larger bank acounts and credit lines. Cloned credit cards are sold for $180.00 and you can rent a botnet, (software agents or robots that spam infected computers) for $15.00. They even charge 10%-40% for money laundering (bank transfers and cashing checks). For a fee depending on the purchase, they will have the debit/credit card purchase shipped to their address and re-shipped to your address, so that it is untraceable.
The Secret Service is working day and night, overtly and covertly to get a handle on this problem. ATMs are the current preference, credit card numbers are stolen right from the ATM via a card reader and a camera. Technology, just seems to be one step ahead of the Sheriff. Gone are the days of credit card imprinters and all you had to worry about was destroying the carbon. It is suggested that we need to utilized more virtual credit cards, where the owner has complete control of the credit line and the duration of the card. Just like Michael’s has already enhanced their security, business owners will have to monitor their networks and point of sale systems more closely. They will have to re-secure, re-encrypt and change their codes and passwords more frequently than ever. Cyber Theft is a bad dude, protect yourselves.