Difference between revisions of "Logic Switch"
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| − | | '''1.''' | + | | '''1.''' Logic switch refers to the act of manipulating account balances and withdrawal limits by financially-motivated [[Cyber_Criminal|cyber criminals]] that are aiming to create non-existent funds, bypass security measures and cash out quickly. |
| − | Related Term: [[Conduit Devices]] | + | Related Term: [[Conduit_Devices|Conduit Devices]] {{Bcm Institute Source}} |
| − | {{Bcm Institute Source}} | + | |
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Revision as of 07:46, 31 August 2017
| 1. Logic switch refers to the act of manipulating account balances and withdrawal limits by financially-motivated cyber criminals that are aiming to create non-existent funds, bypass security measures and cash out quickly.
Related Term: Conduit Devices
|
A Manager's Guide to Business Continuity Management for Cyber Security Incident Response (2017) BUY!
2. Manipulation of account balances and withdrawal limits is a tactic used by financially-motivated threat actors to create non-existent funds, bypass security measures, and cash out quickly. These threat actors inflate banking and/or gift card balances by compromising databases, modifying specific tables (pump), and then initiating fraudulent transactions before losses are discovered (dump).
Source: (Verizon, 2016)
