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According to the Israeli news source Ynet, many entries on the list are either out of date or incorrect and still others are listed multiple times.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:

New Visa Cards From Cathay Pacific

By Dar Dowling, Posted: February 20, 2017

Travelers have new rewards earning credit cards to choose from with the rollout of Cathay Pacific Visa Signature card. Continue reading
New Travel Rewards From MasterCard

By Dar Dowling, Posted: February 17, 2017

MasterCard is rolling out new travel benefits and rewards for MasterCard Platinum, World and World Elite credit cardholders in the Asia Pacific. Continue reading
Hilton Honors Upgrades Rewards

By Dar Dowling, Posted: February 16, 2017

Do you find yourself wishing for more rewards from Hilton Honors? If so, you are in luck. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Unlimited 1.5x rewards on every purchase, every day. For every $1 you spend, you earn 1.5x Miles.
For Excellent, Good Credit
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
Guaranteed $500 Unsecured Credit Limit
For Bad Credit