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The Economy of Online Crime

hdtv writes "You might call the thugs or thieves, but on their own closed forums and referral-only Web sites, they value honesty and reputation. Fortune magazine looks into the black market for stolen credit card numbers and identities. What's interesting is that so few of the criminals retrieve their information via breaking into online stores." From the article: "Gaffan says these credit card numbers and data are almost never obtained by criminals as a result of legitimate online card use. More often the fraudsters get them through offline credit card number thefts in places like restaurants, when computer tapes are stolen or lost, or using 'pharming' sites, which mimic a genuine bank site and dupe cardholders into entering precious private information. Another source of credit card data are the very common 'phishing' scams, in which an e-mail that looks like it's from a bank prompts someone to hand over personal data."

3 of 119 comments (clear)

  1. is there a way to only veiw GNAA posts? by Anonymous Coward · · Score: -1, Troll

    sorry, the system here is too complicated. i only want to be able to veiw posts by GNAA memebers. is this possible? i think they are funny

    Thank you in advance

  2. Re:The Problem Is The Credit Card by Moderatbastard · · Score: -1, Troll

    Some retard quotes US law as a response, on the assumption either that the parent poster lives there or that US law applies everywhere and it gets modded up? Fuck, fuck, fuck. IANAL indeed. Perhaps TFUSINTWFW and ATFWINTFUS too?

    I bet he's fat.

    --
    1/3 of jokes get modded OT. If you get the joke, mod 1 in 3 insightful/interesting/underrated to restore karma balance.