| Stolen credit cards: the business |
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| Thursday, 28 June 2007 | ||||
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For example, consider the theft of credit cards numbers. There is an unimaginable number of documented cases showing how stolen credit cards are used by cyber criminals to “go shopping” online or to run businesses where such cards are sold to third parties for a ridiculous price... but that’s not all.
Indeed, Panda Software ‘s blog reported yesterday the news about a Russian Website selling Technological products that are openly said to have been bought using stolen credit cards. As you can see in the image below, the Russian text says that the website offers laptops, cell phones and other items for 20% of their real value.
The reason for a similar discount can be found visiting the FAQ section of the website, where the question “How can you offer such good prices?” is answered with the statement: "It’s very simple. We buy these products in Western countries with stolen credit cards. You don’t run any risk when purchasing these products." …Welcome frankness! In such website there is also a “Partner Section”, inviting web administrators to join the business: “partners” would be given a code they should include on their website. This simple operation would make them get 25% of the money coming from they website.
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There are hundreds of methods used by Cyber pranksters to steal data and make money online, but sometimes their nonchalance in perpetrating such illegal acts gets close to arrogance.
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