Credit Card News

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Is Israel`s Information Secure?

Is Israel`s Information Secure?

By
Add to Favorites:
Is Israel`s Information Secure?

In an effort to ease some of the cost of living burdens of the Israeli people by encouraging competitive pricing, the country`s Prime Minister Benjamin Netanyahu made a decision to improve the web-shopping options for all Israelis by increasing the amount they can spend purchasing goods from the internet and allowing them to be imported from abroad without needing to pay customs duties.


However, any Israeli enthusiasm to cyber spend is likely to be dampened given the latest attack by hackers. In a note published online via Pastebin that began, “Hi It`s 0xOmar from group-xp, largest Wahhabi hacker group of Saudi Arabia. We are anonymous Saudi Arabian hackers,” the hacker group went on to brag, “We decided to give the world a new year gift, about 400,000+ Israeli people information!!!”


It was discovered early Monday that Group-XP indeed posted the credit card numbers and other personal information of thousands of Israeli’s on a page accessible by a redirect that appeared onOne.co.il, an Israeli sports website.


According to the Israeli news source Ynet, many entries on the list are either out of date or incorrect and still others are listed multiple times. The Bank of Israel made an estimate that the actual total of cardholders affected is believed to be closer to 15,000 rather than 400,000. The bank also announced that all credit card companies concerned have gone ahead and blocked all cards involved cards and cardholders will not be held responsible for any fraudulent charges made to their account. The compromised cards will be replaced over the next few days.


It is speculated that the thieves mined databases of Israeli businesses that did not have sufficient safeguards in place to protect the information. Hackers frequently target Israeli websites – government sites included – for attacks which are often times politically motivated.


The end of the Pastebin note, to some extent, illuminated the motivations of the hackers:


“What`s fun for us?
– Watching 400,000 people gathered in front of Israeli credit card companies and banks, complaining about cards and that they are stolen
– Watching Israeli banks shredding 400,000 credit cards and re-generate new cards (so costly, huh?)
– Watching people purchasing stuff for theirself using the cards and making Israeli credit cards untrustable in the world, like Nigerian credit cards
– and much more…”


There are roughly seven million credit cards in circulation in Israel.

Add to Favorites:

Related News:

MasterCard’s New Biometric Card Unveiled

By Dar Dowling, Posted: April 28, 2017

Biometrics are cutting edge when it comes to upping security, something that MasterCard is well aware of having unveiled their own next generation biometric card. Continue reading
Santander Bank Is Onboard with Apple Pay

By Dar Dowling, Posted: April 27, 2017

Paying with your smartphone can be a timesaver no matter what you're buying. Up until now though, people with Santander Bank credit and debit cards could not use Apple Pay. Continue reading
Bots Enabled by Masterpass Make Shopping Easier

By Dar Dowling, Posted: April 26, 2017

Shopping via social media platforms is gaining traction with consumers, and with this in mind MasterCard will be rolling out Masterpass. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
You could turn $200 into $400 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
For Excellent, Good Credit
Unlimited 1.5x rewards on every purchase, every day. For every $1 you spend, you earn 1.5x Miles.
For Excellent, Good Credit
No Annual Fee
For Bad Credit