“The criminals are absolutely ripping us to shreds. We’re not even slowing them down. We’re losing the battle. That’s the reality of it.”
Strong words from Chris Mark of ProPay, spoken at a recent meeting of Infragard, and FBI program connecting businesses with federal and local crime agencies.
Business owners were told that the ” online harvesting” of credit card numbers and other transaction data is exploding in scale. Mark went on to say that organized criminal enterprises from foreign countries, mostly in Eastern Europe, have the resources to defeat nearly every cyber-protection businesses have put in place. This is true even for businesses who specialize in providing payment services to other businesses.
The cyber criminals are so confident of their ability to steal at will that they have even attempted to extort “protection money” from some payment processing companies, such as ProPay.
At the Infragard meeting, Special Agent Jim McTighe (who runs the FBI’s Salt Lake City office) was heard to say, “Frankly, I think my days of on-line banking are over.”
The need for InterComputer’s comprehensive, insured on-line transaction solutions is greater than ever and growing fast.