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Magento Flaw Exploited: Payment Data Theft on E-Commerce Sites

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by Paige Williams
April 8, 2024
Magento Flaw Exploited: Payment Data Theft on E-Commerce Sites

Cybercriminals exploited a critical vulnerability identified as CVE-2024-20720 in the Magento e-commerce platform, seizing payment data from users. With a severity score of 9.1, this vulnerability enabled arbitrary code execution due to inadequate element security. Although Adobe released a fix in their February 2024 update, numerous breaches had already occurred.

The exploit was first spotted by Sansec, revealing the attackers’ skill in crafting a specialized database template and using a pre-packaged exploit to run unauthorized commands. They inserted a backdoor on the checkout page that surreptitiously implanted a Stripe payment skimmer. This malicious tool secretly captured payment information during transactions, unbeknownst to shoppers or site owners. Despite the February patch from Adobe, the incident illustrates the importance of promptly updating software to protect against such vulnerabilities.

A Global Challenge: Safeguarding Payment Information

The threat landscape is vast, with recent events highlighting its severity. Russian officials recently detained six individuals for infecting over 159,000 international credit cards with skimming malware since 2017, showcasing the enduring risk to financial and retail sectors. This incident serves as a stark reminder that digital transactions are a double-edged sword, offering convenience but exposing us to advanced cyber threats.

Retailers must now be proactive in their cybersecurity measures. Adopting rigorous software maintenance routines and partnering with cybersecurity firms like UnderDefense for external vulnerability scans is crucial. Recognizing that complacency isn’t an option, businesses must leverage the expertise of threat intelligence and vulnerability management professionals. This proactive stance is essential for defending against the stealthy maneuvers of cybercriminals, safeguarding data, and maintaining consumer trust. Only perpetually updated defenses will keep enterprises one step ahead in this ongoing cyber battle.

Digital TransformationInformation Security

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