Feds charge 3 in massive credit fraud scheme

Tuesday, 26 November 2002, 2:25 PM EST

"We know of approximately 30,000 victims -- and the numbers are growing every day -- and of losses that are in the millions and growing every day," U.S. Attorney James Comey said. "In short, with a few keystrokes, these men picked the pockets of tens of thousands of Americans, and in the process, took their identity, stole their money and swiped their security."

Philip Cummings, 33, a British citizen, worked as a help desk employee at Teledata Communications Inc. in Bay Shore, New York. The company provides the software and the hardware allowing banks and other lending agencies to get commercial credit information from three national agencies -- Equifax, TransUnion and Experian.

Cummings is accused of using his position on the company's customer service desk to obtain access codes that companies use to check a potential buyer's credit with the three major credit agencies.

[ Read more ]

Related items




Spotlight

Operation Pawn Storm: Varied targets and attack vectors, next-level spear-phishing tactics

Posted on 23 October 2014.  |  Targets of the spear phishing emails included staff at the Ministry of Defense in France, in the Vatican Embassy in Iraq, military officials from a number of countries, and more.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Fri, Oct 24th
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //