Like many major tech companies, Sony has had a few run-ins with the very fun situation of having its network security capabilities called into question. We all remember the great hack attatcks that were brought against the PlayStation Network a few years back. But, now, a new issue has the company in the crosshairs of irate customers.
Hackers have uncovered an exploit which allows account thieves to use the credit card information that’s tied to a PSN account. What happens is that this exploit allows hackers to bypass the CVV security check of the compromised account, which enables them to make unauthorized purchases. The findings come from a report made by Multiplayer First.
Cracking the egg wide open
According to some hackers, this exploit is relatively easy to use. This, of course, makes the situation all the more worse as it relates to Sony’s reaction to it. And that’s just the thing—Sony is aware of the problem and has been for a while now. Users have posted about this issue as far back as three years ago, as shown by this post made by a now deleted user on Reddit.
Some hackers have reported the issue to Sony, but the company has apparently just swept it under the rug due to it not being considered a “significant security risk”. That’s because the process of using the exploit amounts to fraud.
The problem really comes in with more malicious hackers turning this into a black market business. Accounts and even systems with compromised accounts have been sold. All-in-all, the point is that now that the issue is being broadcasted, Sony should reevaluate the situation and escalate the severity of its classification. Even though the process doesn’t appear to be pulled off without some knowledge of hacking and console modding, it’s still a security risk to those whose accounts that have already been compromised, and of course, unsuspecting individuals who could be victims tomorrow.
Better safe than sorry
The only real failsafe is that compromised accounts can and will be banned once any online activity is noticed by Sony.
Videos of hackers showing how the exploit can be carried out have now been posted and are making the rounds. Again, it isn’t something that can be done without the proper know-how, but it is a concern. In the meantime, take the steps to secure your account. Check with your bank too and make sure all your account information is up-to-date and proper security measures are put into place. Also, review any recent account activity and verify that those were purchases you authorized. One thing I’ve been doing for nearly a year now is using an app (Mobills) to keep track of every purchase I make, whether it be with cash or card. It’s definitely good to have a record of where your money is going, just for those odd moments where something seems off.