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PAX Security Executive Resigns a Day After FBI Raids on Offices
(Bloomberg) – A senior executive overseeing security at PAX Technology said she resigned, following multiple raids by U.S. investigators at the company’s Florida locations.
Patty Walters, who served as senior vice president of security and services, worked at the maker of payment terminals in Jacksonville, Florida, for nearly three years, according to her LinkedIn profile. She confirmed her resignation in a message to Bloomberg but declined to elaborate Wednesday on the circumstances surrounding her departure.
https://finance.yahoo.com/news/pax-security-executive-resigns-day-175309021.html
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PAX Technology is a unit of PAX Global Technology Ltd., a Chinese-rooted company whose terminals are used to process millions of transactions in stores worldwide. According to the company, it has supplied 57 million terminals to more than 120 countries.
On Tuesday, the Federal Bureau of Investigation and other federal agencies executed a search warrant on several PAX Technology locations in Jacksonville.
Brian Krebs, an independent cybersecurity researcher, reported that British and American security agencies began investigating PAX Technology after an unnamed U.S. payment processor noticed “unusual network packets” originating from the company’s payment terminals. According to Krebs’s report, the FBI raid on Tuesday was linked to reports that PAX’s systems may be involved in cyber-attacks on U.S. and EU organizations and to suspicions that its terminals had been used as a “command and control” staging point for conducting hacks and collecting information.