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Huge Credit Fraud Ring Sends Europeans' Data To Pakistan

Posted by timothy on from the we-keep-our-biggest-credit-thieves-in-d.c. dept.

marshotel excerpts from a story at the Wall Street Journal: "European law-enforcement officials uncovered a highly sophisticated credit-card fraud ring that funnels account data to Pakistan from hundreds of grocery-store card machines across Europe, according to U.S. intelligence officials and other people familiar with the case. Specialists say the theft technology is the most advanced they have seen, and a person close to British law enforcement said it has affected big retailers including a British unit of Wal-Mart Stores Inc. and Tesco Ltd."

4 of 166 comments (clear)

  1. Screw credit cards... by Bombula · · Score: 5, Funny

    To hell with credit cards and plastic. This kind of danger is why I only use cash and keep all my money in a Washington Mutual bank account, where it's safe...

    --
    A-Bomb
    1. Re:Screw credit cards... by ScrewMaster · · Score: 5, Funny

      Ppppphhhhhhttttt.

      I've found it's simply safer to spend it just after it hits my bank account.

      Yeah, most Americans do that. It goes awful fast nowadays. Like the old Depression-era joke:

      Two men are sitting next to a hot dog stand having lunch. One looks down at his meal and says, "You know, one end of this thing tastes like hot dog, and the other tastes like bread."

      The other guy responds with "Yeah ... these days it's hard to make both ends meat."

      --
      The higher the technology, the sharper that two-edged sword.
  2. Good quick title edit.. by pcardno · · Score: 4, Funny

    ...shame my RSS feed still has it as "European's". I was wondering who this poor unlucky chap was, why defrauding him was so huge and quite how it managed to be a ring with only one person..

    --
    --- Band: Joey Ultra
  3. Any chance... by jd · · Score: 4, Funny

    ...it was Diebold?

    --
    It's a small world and it smells funny; I'd buy another if it wasn't for the money; Take back what I paid (SoM)