CCotton10at February 25,2016 Credit card theft has been in the news over the past couple of years in a number of forms. It looks like if you are dishonest, it is a way to make some quick money. Skimming and hacking both need to be protected against.
I wonder if the people buying the goods take any time thinking about where they come from.
adamat March 11,2016 Like CCotton10 said this is an old technique. Finally, in the US we are adopting the chip and pin methodology (well it's just chip now) but soon! With the chip and the pin reading encrypted data from the credit card skimmer will be much tougher and purchasing without it is more difficult. I wonder how the scam has adapted to accommodate that technology?
tcmahonyat March 25,2016 Its not surprising that what was depicted in this was so easy. Everyday you hear about some cyber crime involving stolen credit cards and how easy it was. This really shows how the credit card industry is lacking in terms of securing the actual card itself and the copious amounts of data that can be gathered from the magnetic strip. There needs to be a concerted effort to promote newer more secure technologies associated with credit cards like the chip and pin. The magnetic strip is not cutting it anymore and more and more there is going to be malware that will go after point of sale systems. Securing the card itself is just half the battle, the processing systems need to be secured as well.
mcoates1at March 29,2016 This was an amazing video. Scanning someone else's card just to extract their credit card information doesn't seem like anything new to me. The interesting part was how they created the fake credit cards. But using the information they received from scanning someones card, they were able to write that information onto a new card and pass it off as a normal one. They were able to emboss they numbers onto the card as well. Easy, smooth, keep it moving. Interesting stuff.
fpazdzinat April 17,2016 It was really interesting seeing what these thieves go through to make money off of stolen credit cards. I’m sure there are plenty of other credit card thieves out there who are just as careful as he is when he’s using these stolen credit cards, allowing them to remain active and not get caught. And I bet that most of the time the victim doesn’t even need to pay for the purchases. It will probably be covered by the credit card company. Credit card companies have fraud detection that monitors their customers’ purchasing activity but I think that usually doesn’t go off until after a few fraudulent purchases. By then the thief has already gotten rid of the card.