Some of the world’s largest companies across retail, banking, healthcare, energy and many other sectors, including Fortune 500, Global 500 and governments are failing to prevent Magecart attacks, Cyberpion research revealed.
The research analyzed more than 30,000 vulnerabilities over the last two years and found significant weaknesses in modern security platforms and processes to identify and mitigate exploits related to Magecart attacks.
There were also severe lapses in enterprises disclosing security vulnerabilities or exploits occurring along their digital supply chains to their customers, ultimately placing all connected organizations at risk of a breach.
Data skimming technique has become an unstoppable threat
Web skimming continues to be a real threat to online merchants and shoppers with attacks severely impacting organizations including British Airways and Ticketmaster in 2018, Forbes in 2019, plus local US government portals and messaging service Telegram 2020.
“Our conclusion from the analysis is that as of today, organizations fail to face Magecart threats and detect the vulnerabilities and exploits that hackers leverage to conduct these attacks,” said Cyberpion CEO Nethanel Gelernter.
“Victims are often the last to know as it’s only later that organizations find that their data was sold or exploited, with the problem extending beyond any single vendor or client relationship. For enterprises in particular, Magecart attacks pose a significant challenge because it is problematic to set up a solution at scale.”
Magecart vulnerabilities still plaguing websites and apps
- At least one of the top five enterprises in many verticals – retail, insurance, financial services, pharma, media, security and others – were found to be vulnerable or abused.
- More than 1000 online shops are vulnerable, exposing their customers to skimming. Some of the most popular international newspapers were found to be vulnerable, often via their home page.
- Some vulnerable or abused companies do use anti-Magecart solutions, but these could be bypassed.
- Vendor infrastructure exposes many other connected organizations to Magecart, yet vendors often fail to inform them about it early enough so they could take preventative action to be taken. In one case, a leading online advertising network affected 15 global insurance brands alongside hundreds of other enterprises.