Oracle’s MICROS point-of-sale system hacked

fintech insurtech wealthtech regtech ai cybertech esg news
fintech insurtech wealthtech regtech ai cybertech esg news

Software giant Oracle’s point-of-sale (POS) credit card payment systems MICROS has reportedly been hacked by a Russian organised cybercrime group.

It is still unknown how big the security breach is, but Oracle has acknowledged that it detected malicious code in legacy MICROS systems.

It has asked the POS systems’ customers to reset their passwords.

MICROS was acquired by Oracle for more than $5bn in 2014 and is used at more than 330,000 sales points globally, putting it among the world’s top three largest POS providers.

It’s reported that Oracle’s MICROS customer support portal was seen communicating with a server known to be used by Russian cybercrime group Carbanak. The group is suspected of stealing more than $1bn from banks, hospitality and retail firms in recent years.

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