More than US$26.2 million has been stolen by hackers from some half a million Australian credit cards, police confirmed on Friday.
Police said the theft targeted Australian businesses, but noted that this type of crime is “borderless.”
“The Australian Federal Police can confirm it is currently investigating a series of merchants whose individual computer systems have been compromised,” a spokeswoman said.
“The compromise is believed to have involved approximately 500,000 credit cards and resulted in more than Aus$25 million (US$26.2 million) in fraudulent transactions,” she said.
Reports said eastern European hackers were responsible, although police did not confirm this, only saying that international and private sector co-operation was critical to its ability to target this type of fraud.