Skip to content
RealinfoSec.net

RealinfoSec.net

InfoSec News, Cybersecurity Awareness

  • Home
  • InfoSec News
    • Data Breach News
    • Latest Vulnerabilities
  • What Is InfoSec
  • CyberSecurity Newsletter
  • Cyber Academy
  • Cyber Help Desk
  • Cyber Knowledge Base
  • Contact Us
    • Contribute
  • My Bookmarks
  • Subscribers
    • Knowledge Quizzes
    • Register
  • Login
    • Password Reset
  • Register
  • Privacy Policy
    • Legal
  • Toggle search form

UK detains 5 people for supplying questionable point-of-sale software

Posted on 12 December 202212 December 2022 By RiSec.Mitch No Comments on UK detains 5 people for supplying questionable point-of-sale software

The use of “electronic sales suppression software,” which are programmes that misrepresent point-of-sale data to assist businesses in avoiding paying taxes on their actual revenue, has been the subject of a joint investigation by tax officials from Australia, Canada, France, the UK, and the USA

The Joint Chiefs of Global Tax Enforcement (also known as the J5) announced on Friday that the investigation “resulted in the arrest of five individuals in the United Kingdom who are allegedly responsible for designing and marketing electronic sales suppression devices abroad.”

Those allegedly responsible started to export their wares during the COVID-19 pandemic.

“These dodgy sales suppression tools allow retailers to keep a separate set of books and launder the money in one transaction,” explained J5 chief and Australian Taxation Office deputy commissioner John Ford.

“They conceal and transfer this income anonymously, sometimes offshore.”

“So what might happen is that the customer orders a $60 steak and a $100 bottle of wine,” Ford explained, at which point the software changes the transaction so it is recorded in the point of sale system as “a $10 bowl of chips and a $4 bottle of soft drink.”

Customers, who continue to pay the entire amount, are unaware of such pranks. However, the shop is left with $14 in recorded revenue and $146 to clean up.

According to the J5’s statement regarding its investigation, ESS was created in the UK and afterwards exported by its creators to the USA and other countries.

“This was a highly sophisticated, truly global attack on the international tax system,” said Simon York, director of His Majesty’s Revenue & Customs (HMRC) Fraud Investigation Service. “The group behind this activity is suspected of enabling thousands of businesses to evade tax in what is a large scale, technologically enabled fraud.”

Recommended:  UK: NHS cyber attack hits patient care with records left in ‘chaos’ three months on

York added: “This is just the beginning of our work in this area, and we already have other suspected suppliers in our sights. We are urging all users of these types of systems to come to us before we come to them.”

Suggest an edit to this article

Cybersecurity Knowledge Base

Latest InfoSec News

Cybersecurity Academy

Homepage

Remember, CyberSecurity Starts With You!

  • Globally, 30,000 websites are hacked daily.
  • 64% of companies worldwide have experienced at least one form of a cyber attack.
  • There were 20M breached records in March 2021.
  • In 2020, ransomware cases grew by 150%.
  • Email is responsible for around 94% of all malware.
  • Every 39 seconds, there is a new attack somewhere on the web.
  • An average of around 24,000 malicious mobile apps are blocked daily on the internet.
Bookmark

Please login to bookmark

Social Comments Box
  • About
  • Latest Posts
RiSec.Mitch
Just your average information security researcher from Delaware US.
Latest posts by RiSec.Mitch (see all)
  • Google Open-Source Vulnerability Scanning Tool - 18 January 2023
  • Polymorphic Malware Produced by ChatGPT - 18 January 2023
  • Russian Hackers Repurpose Decade-Old Malware Infrastructure to Deploy New Backdoors - 8 January 2023
Share the word, let's increase Cybersecurity Awareness as we know it

No related articles.

InfoSec News, Trending Tags:Detains, POS, Software, UK

Post navigation

Previous Post: Experts developed a method to bypass multiple companies’ web application firewalls (WAF)
Next Post: CommonSpirit says 623K patients are affected by the data compromise

Related Posts

CyberSecurity Kronos hackers stole personal info of Metro-North workers, MTA says Data Breach News
morgang stanley Morgan Stanley Agrees to $60 Million Breach Settlement Data Breach News
5 British businesses were penalised for making 500,000 unwanted calls InfoSec News
Moodle SQL injection vulnerability Moodle SQL injection vulnerability: in e-learning platform could enable database takeover InfoSec News
5 Secure Ways to Configure a Firewall Cybersecurity Academy
Xenomorph android malware New Android malware dubbed Xenomorph targets customers of 56 banks Data Security

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RiSec Captcha 76 − 74 =

AbuseIPDB Contributor Badge

Follow Our Socials:

Latest InfoSec News

Data Breach News InfoSec News

JD Sports: Cyber Attack affects 10 million customers

RiSec.n0tst3
30 January 2023 0
what is infosec
Cybersecurity Academy

InfoSec – A Newbie Guide – InfoSecurity

RiSec.n0tst3
25 January 2023 0
google
Cybersecurity Academy How to

Google Open-Source Vulnerability Scanning Tool

RiSec.Mitch
18 January 2023 0
InfoSec News

Polymorphic Malware Produced by ChatGPT

RiSec.Mitch
18 January 2023 0
russia
InfoSec News

Russian Hackers Repurpose Decade-Old Malware Infrastructure to Deploy New Backdoors

RiSec.Mitch
8 January 2023 0
latest cybersecurity news
InfoSec News

Dridex Banking Malware Targets MacOS users with a new delivery method

RiSec.Mitch
8 January 2023 0
ransomware
InfoSec News

Microsoft Discloses Methods Employed by 4 Ransomware Families Aiming at macOS

RiSec.Mitch
8 January 2023 0
InfoSec News

$8 billion in cryptocurrency withdrawals strike US bank Silvergate

RiSec.Mitch
8 January 2023 0

Featured Posts

cve-2022-38970
Data Security Featured How to InfoSec News Vulnerabilities

ieGeek Security Vulnerabilities still prevalent in 2022 IG20

RiSec.n0tst3
28 August 2022 6
Data Security Featured InfoSec News

Hacking Campaign Steals 10,000 Login Credentials From 130 Different Organizations

RiSec.n0tst3
27 August 2022 0
DDoS
Featured InfoSec News

Google mitigates largest DDoS Attack in History – Peaked at 46 Million RPS

RiSec.n0tst3
19 August 2022 1
Security researcher contacted me
Cybersecurity Academy Featured How to

A Security Researcher Contacted Me – What should I do?

RiSec.n0tst3
30 June 2022 0
google chrome
Featured InfoSec News

Google Chrome extensions can be easily fingerprinted to track you online

RiSec.n0tst3
19 June 2022 0
MFA
Cybersecurity Academy Data Security Featured

3 Steps To Better Account Security

RiSec.n0tst3
21 February 2022 0
hardening vps security
Cybersecurity Academy Featured

HARDEN YOUR VPS: Steps to Hardening your VPS Security

RiSec.n0tst3
10 January 2022 2

Share the joy

Copyright © 2022 RealinfoSec.net. CyberSecurity News & Awareness. All Trademarks, Logos And Brand Names Are The Property Of Their Respective Owners

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of the cookies. Cookie & Privacy Policy
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
en English
af Afrikaanssq Albanianam Amharicar Arabichy Armenianaz Azerbaijanieu Basquebe Belarusianbn Bengalibs Bosnianbg Bulgarianca Catalanceb Cebuanony Chichewazh-CN Chinese (Simplified)zh-TW Chinese (Traditional)co Corsicanhr Croatiancs Czechda Danishnl Dutchen Englisheo Esperantoet Estoniantl Filipinofi Finnishfr Frenchfy Frisiangl Galicianka Georgiande Germanel Greekgu Gujaratiht Haitian Creoleha Hausahaw Hawaiianiw Hebrewhi Hindihmn Hmonghu Hungarianis Icelandicig Igboid Indonesianga Irishit Italianja Japanesejw Javanesekn Kannadakk Kazakhkm Khmerko Koreanku Kurdish (Kurmanji)ky Kyrgyzlo Laola Latinlv Latvianlt Lithuanianlb Luxembourgishmk Macedonianmg Malagasyms Malayml Malayalammt Maltesemi Maorimr Marathimn Mongolianmy Myanmar (Burmese)ne Nepalino Norwegianps Pashtofa Persianpl Polishpt Portuguesepa Punjabiro Romanianru Russiansm Samoangd Scottish Gaelicsr Serbianst Sesothosn Shonasd Sindhisi Sinhalask Slovaksl Slovenianso Somalies Spanishsu Sudanesesw Swahilisv Swedishtg Tajikta Tamilte Teluguth Thaitr Turkishuk Ukrainianur Urduuz Uzbekvi Vietnamesecy Welshxh Xhosayi Yiddishyo Yorubazu Zulu