PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Oracle’s Micros System Hacked

By Raymond Pucci
August 9, 2016
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Mobile Payment: Flat lay vector illustration

Mobile Payment: Flat lay vector illustration

Waiter—there’s a problem with my meal. Oracle’s widely used Micros Point-of-Sale software for restaurants and retailers has been hacked by fraudsters known to have previously broken into many other payment card systems. According to the following report, the incident was isolated to the Micros platform only and did not compromise other Oracle systems. Users were directed to reset passwords on the affected accounts.

Oracle detected malicious code in certain payment systems used in hospitality and retail, the company said. Details were first reported by cybersecurity writer Brian Krebs on Monday.

All customers of Micros, known for cloud-based tablet and mobile payments for food, beverages and hotels, are being asked to reset their passwords for an online support portal after Oracle found the malicious code in legacy systems, Krebs wrote on his website, KrebsOnSecurity. Oracle’s other cloud and corporate offerings were not affected, and the credit-card data is encrypted, Oracle told CNBC.

“To prevent a recurrence, Oracle implemented additional security measures for the legacy MICROS systems,” Oracle said in a letter to customers given to CNBC. Oracle did not respond to Krebs’ direct question about the breach, he said.

It’s not clear how widespread the hack is and how the attackers gained access to Oracle systems, Krebs reported. But two unnamed sources told Krebs that the hack could be tied to Russian cybercriminals. The sources told Krebs that Micros’ customer-support portal was seen communicating with a server known to be used by the Carbanak gang, which has been tied to one of the biggest banking breaches ever known.

Hospitality and retail payment transactions are targets for hackers as they represent high volumes of personal card data and can go undetected by both merchants and consumers for weeks, if not months. The stolen data will typically be used to make online, card-not-present transactions, where user identity validation is minimal. The anti-fraud battle is now an arms race between the hackers and the expanding security software industry. E-commerce fraud is expected to increase with EMV chip card and terminal transition at US merchants POS, which is why stolen card data still remains a valuable commodity for the hackers.

Overview by Raymond Pucci, Associate Director, Research Services at Mercator Advisory Group

Read the full story here

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    cross-border payments

    Solving for Fraud in Cross-Border Payments Requires Better Counterparty Verification

    February 12, 2026
    agentic commerce

    Demystifying the Agentic Commerce Enigma

    February 11, 2026
    payment gateways

    How Payment Gateways for Businesses Can Help You Offer Your Customers More Options

    February 10, 2026
    Reserve Bank of India (RBI) Extends Mandate for Tokenization to June '22

    Late Payments? Governments Are Taking Action

    February 9, 2026
    ai phishing

    The Fraud Epidemic Is Testing the Limits of Cybersecurity

    February 6, 2026
    stablecoins b2b payments

    Stablecoins and the Future of B2B Payments: Faster, Cheaper, Better

    February 5, 2026
    Payment Facilitator

    The Payment Facilitator Model as a Growth Strategy for ISVs

    February 4, 2026
    Simplifying Payment Processing? Payment Orchestration Can Help , multi-acquiring merchants

    Multi-Acquiring Is the New Standard—Are Merchants Ready?

    February 3, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result