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Hackers Decrypt Encrypted Data?

Posted on July 8, 2009 by Dissent

Meanwhile, in Manila, the Manila Bulletin Publishing Corp. reports:

The National Bureau of Investigation (NBI) started expanding its probe into the credit card fraud after uncovering that the arrested Nigerians who managed to hack the merchant website to get vital information of the credit card holders.

[…]

Last Friday, agents of the National Bureau of Investigation (NBI) arrested four Nigerians engaged in purchasing plane tickets through fraudulently acquired credit cards in an operation in Cavite.

[…]

Mallari said the arrested Nigerians and other syndicates engaged in the credit card fraud were able to hack the merchant website.

“Information in the merchant website is encrypted and the internet hackers managed to decrypt the info. Of course not all info in the merchant web can easily accessed by syndicates like the big companies, because they have measures to protect their clients but in some instances; the syndicates succeed in decrypting the info,” said Palmer.

The remainder of the story is a bit difficult for me to understand. If anyone would like to read the whole thing and then summarize, that would be nice. 🙂


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Category: Business SectorHackID TheftNon-U.S.

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