Card fraudsters: a world unto themselves

Wednesday, 31 May 2006, 1:57 AM EST

Some 12 online credit card fraud networks are in operation today with active traders on some Web sites numbering between 7000 and 9000, according to a Secret Service agent going by the name of Jake Jacobson.

With quasi-military business models, alleged parliamentary links and even feedback forums on the more current "carding forums," the proceeds of some heists have reaped more than $15.9 million from stolen data, according to the interior minister of "one country."

At Computerworld.

[ Read more ]




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