Visa has issued a warning that financial institutions should
be on high alert for criminal activity. According to the electronic payment
provider, banks and other institutions should be closely monitoring their
accounts in the near future, as reliable sources have indicated that a known
cyber crime group may be attempting to implement a significant international
fraud scheme as early as this weekend. According to the story at Krebs on Security, institutions
should keep an eye out for high-risk merchants while in review of their
settlement and chargeback records, a preventative measure that should be
conducted daily.
Take a look at Krebs’ original
post for more details. In the event any suspicious activity is detected,
contact Visa and your local law enforcement.