Security Expert Dumps 3 Million Card Details to Highlight Vulnerability

Updated on: 2012-04-17 || Source: news.softpedia.com
Khosrow Zare Farid, an Iranian security expert, became upset because banks ignored his findings regarding a critical vulnerability in their systems. To prove he was right, he published the debit card details of around 3 million individuals, including card numbers and PINs.

Kabir News informs that the hacker worked as a manager at Eniak, a company that manufactures and installs point of sale (POS) devices.

One year ago he identified the security hole and notified all the affected banks of its presence. Because none of them responded, he decided to make the massive amount of information publicly available to prove his point.

As a result of the data leak, three Iranian financial institutions have begun sending SMSs to their customers, urging them to change their PINs. Moreover, some banks have even blocked the accounts of their clients because of the incident.

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