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Cybercrime is remarkable

Check out this NY Times story. Truly amazing.

Sure, we all remember hearing about the arrest of an identity thief in Florida who had stolen hundreds of thousands, or perhaps millions of credit cards by sitting outside big box stores and snooping the WiFi networks. But who knew that the culprit had been arrested previously, and even worked for a number of years for the Secret Service training agents and helping to orchestrate one of the biggest cyber-sting operations ever. I had no idea that his team was international, and that they had infiltrated networks to such a degree that they were stealing credit card details right before the transactions were processed–in other words, at the point of sale, while the information was still valid.

How widespread their efforts were is not yet, and may never be known. Getting ever more ambitious, they eventually went after the credit card processors themselves, effectively infiltrating Heartland Payment Processor.

Wow!
 
What's more amazing is how little regard these outfits have for your secure information. The dollar is so important to them they won't spend the money to install proper security systems. Thats what's amazing, not the crime.
 
moral of the story: be very good at what you do, and you'll never go to jail.

this guy stole, was on coke and ecstacy, and avoided jail time and got the secret service to pay for his living expenses.
 
My wife had her card info stolen this year without having the physical card stolen. They made a new card with the info and were swiping it all over town. The incredible thing is how the CC company wasn't surprised. I guess this is very common at gas stations and right now they don't really have a way to stop it. The good news is we weren't out any money and they replaced the card overnight. So not a big nuissance.
 
Wow is right! What a great read. This article will surely be the basis of a yet to be made film.

The article reminds me of the ending of Catch Me if You Can.

We Americans are very fortunate that if our card is stolen, the most a credit card company can make you pay is $50 (though, they rarely make you pay anything).
 
That "no fault" is universal isn't it?

If it wasn't, we just wouldn't trust credit cards. One bad transaction at my liability could destroy me (my credit card is linked to my mortgage... you could buy a car on it then sell it for cash)
 
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