Hackers Infiltrate Oracle MICROS Point-of-Sale Division

Hackers Infiltrate Oracle MICROS Point-of-Sale Division

MICROS, one of the largest point-of-sale payment systems in the world has been hacked by a Russian organized cybercrime group with a history of hacking into banks and retailers. The full extent of the security breach is still being evaluated, but given the size and scope of MICROS, this could turn out to be another lucrative payday for the Russian cyber thieves. It is believed that this is the same cybercrime group that took banks for upwards of $1 billion.

Oracle [ORCL (NYSE)] purchased MICROS in 2014. At the time, Oracle said its point-of-sale systems were being used at more than 330,000 cash registers around the world, including more than 200,000 in the food and beverage industry, over 100,000 deployed at retail sites and more than 30,000 in place at hotels. In short, if you've been out to eat, shop, or stayed at a hotel, you may have paid for your goods or services at a MICROS-supported cash register.

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