Credit Card Fraud: Now at a City or Village Near You

fraud

fraud

Today is a slow news day for the credit function as many issuers deploy their year-end strategy to clean up their collection queues as we start 4Q18.  For some it may be too little, too late.  Others will find that scrubbing their files and negotiating payment plans will be worth the effort to reduce credit risk.

Fraud on the other hand, never sleeps.  Morning, noon and night, attacks come against data stores.  Even the sleepy town of St. Petersburg, FL saw an attackThis brought us to find that many local governments using Click2Gov payment systems have seen data breaches.

It is convenient to pay your water bill online through a site like this but somewhere along the payments chain is a gaping hole, as Google validates when the word pair “Click2Gov” and breach are submitted into a search. Today, it returned 7,168 responses.  Some are from local news picking up reports, others are from towns and cities like St. Petersburg.

Dark Reading, a trade journal focused internet threats, called out a WebLogic Application Flaw.

Click2Gov’s parent responded that it was the Oracle connection through WebLogic that was likely the entry point for hackers.

Whether it be Click2Gov’s fault, or Oracle’s, this affects credit card carrying residents in towns from St. Pete, FL to Medford, Oregon.

Nothing is sacred when it comes to credit card fraud.  You can’t even pay for parking tickets and water without worrying anymore.

Overview by Brian Riley, Director, Credit Advisory Service at Mercator Advisory Group

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