Articles about credit card fraud

Man in an orange jumpsuit clutches prison bars. Image by Shutterstock

Ex-HP top aide in the clink for racking up $1m on company credit cards

A former HP employee was sentenced on Monday to 21 months in prison, after having charged unauthorized personal expenses to her company credit cards to the tune of nearly $1m. According to a statement by the US Attorney's Office, Holli Dawn Coulman, 45, joined HP in 2000 and spent 12 years at the company. During the last four …
Neil McAllister, 25 Aug 2015
Apple phone payement.

Apple Pay a haven for 'rampant' credit card fraud, say experts

Apple and its banker pals may have inadvertently lowered the barrier to credit card fraud by adding pay-by-wave technology to iPhones, security experts fear. Payment cards can be added to Apple Pay by taking a photo of the card, and allowing a device to run optical character recognition over the image to fill out the long card …
John Leyden, 3 Mar 2015

US retail giant Target fails to get banks' MEGABREACH lawsuit slung out of court

Target has failed in is attempt to persuade a judge to reject lawsuit by banks harmed by losses following the US retail giant's megabreach. US District Judge Paul Magnuson ruled that Target played a "key role" in permitting cybercriminals to infiltrate its computer networks. Because of this, a lawsuit by banks seeking to …
John Leyden, 3 Dec 2014
balaclava_thief_burglar

Cardslurping kingpin caged for 18 years over Carderplanet forum

A Ukrainian national who co-founded the infamous cybercrime marketplace CarderPlanet has been jailed for 18 years following a lengthy US legal process that ran for more than a decade. Roman Vega, 49, eventually pleaded guilty in 2009 to conspiracy to commit money laundering and access device fraud offences – but he was only …
John Leyden, 13 Dec 2013
The Register breaking news

Footy lovers hit in Wembley playoff card snatch scam

Provider Ticket Zone is continuing a joint investigation with Brentford Football Club after it emerged that card details used to buy tickets for the League One playoff final last weekend were subsequently used for fraudulent purchases. Yeovil beat Brentford 2-1 to reach The Championship on Sunday, piling on further misery for …
John Leyden, 23 May 2013
The Register breaking news

Europe's cybercrime fighters get new digs... complete with Faraday room

The EU’s new European Cybercrime Centre (EC3) will be inaugurated at Europol in The Hague later today. The facility will act as the "focal point" in the EU’s fight against cybercrime, against both businesses and private citizens. The centre is designed to provide greater international co-ordination in the fight against online …
John Leyden, 11 Jan 2013

Pollster says ID fraud less costly than we thought

Here’s a riddle for you: what’s the cost of identity theft and so-called “cybercrime” in Australia on an annual basis? If you answer “I don’t know”, you’re probably as close as most people. The latest data to be lobbed into the discussion is here, from Essential Research. Of its survey respondents – 995, the study had the same …
The Register breaking news

Online retail drives card fraud in Oz

OK, so nobody uses cheques any more: as a result, fraud based on the venerable paper slip with a signature is now well-and-truly eclipsed by online credit card fraud, according to the Australian Payments Clearing Association. The APCA has released its latest survey of payment fraud, in which it reports that “card not present …
The Register breaking news

Fraud baron forced henchmen into S&M orgies to prove loyalty – cops

A US card cloner forced would-be gang members to take part in group sex sessions as part of an initiation ceremony designed to weed out undercover cops, according to a detective. Vikas Yadav - an Indian national resident in Athens, Georgia, at the time of his crimes but has since been deported - used chat rooms frequented by …
John Leyden, 1 Feb 2012
The Register breaking news

Alleged Muscovite cybercrime daddy hauled in to face US court

A suspected Russian cyber-crook has arrived in the US to face charges of security fraud, computer hacking and ID theft following his deportation from Switzerland. Vladimir Zdorovenin, 54, of Moscow, Russia, is alleged to have masterminded a series of credit card theft and stock manipulation scams in conjunction with his son, …
John Leyden, 18 Jan 2012
The Register breaking news

OpRobinHood more likely to stiff punters than bankers

Charities are unlikely to benefit from an Anonymous-led operation attempting to use stolen credit card details to make donations to worthwhile causes. OpRobinHood aims to defraud banks for the benefit of the majority and comes as a response by hacktivists to the crackdown on the Occupy movement. Anonymous has joined forces …
John Leyden, 2 Dec 2011
The Register breaking news

Credit card cabal collared

NSW Police has arrested five men responsible for what it describes as an international credit card fraud operation. After investigations that began in 2009, the police executed three search warrants yesterday in metropolitan Sydney, retrieving EFTPOS terminals, computers, cash, mobile phones, skimming devices, and several …
The Register breaking news

Chain Reaction finds and plugs security hole that led to fraud

Popular UK-based biking site ChainReactionCycles.com has confirmed that a security breach on its systems led to fraud against its customers. Some of the cyclists who shopped with the site earlier this month noticed fraud against their credit cards days later, normally fraudulent purchases of mobile phone top-ups costing around …
John Leyden, 25 Mar 2011
The Register breaking news

UK cyclists hit by fraud after online purchase at website

Updated A suspected security breach at popular UK-based biking site chainreactioncycles.com has been linked by victims to multiple instances of fraud. Various bike enthusiast forums are alive with complaints (here and here) from customers of the site, several of whom are reporting unauthorised charges on their credit or debit cards. …
John Leyden, 17 Mar 2011
The Register breaking news

Hobbit helmsman Jackson hit by $190K credit card scam

Lord of the Rings director Peter Jackson was the target of a US$190,000 (£120,000) credit card fraud that sought to bail out a struggling business. The recently-knighted Hobbit helmsman used his American Express card to buy items from the Michigan Toy Soldier Company, which specialises in the sale of historical miniatures. …
John Leyden, 28 Jan 2011
The Register breaking news

Nigerian airline ticket fraudster gets 8 years

A West African fraudster has been jailed for more than eight years over his role in an airline ticket scam following his extradition to the US back in June. Ademola Ismaila Adegoke, 43, a Nigerian-born resident of Accra, Ghana, was jailed for 102 months on Friday after he was convicted of using stolen credit card numbers to …
John Leyden, 25 Oct 2010
The Register breaking news

Grocery terminals slurped payment card data

Grocery chain Aldi Inc. has warned customers in 11 states that their payment card data may have been slurped up by point-of-sale terminals that were illegally planted by identity thieves. The tampered terminals were in use from June 1 to August 31 in an undisclosed number of stores, the company disclosed in a press release ( …
Dan Goodin, 8 Oct 2010
The Register breaking news

Heartland coughs $41m to settle MasterCard claims

Heartland Payment Systems has agreed to pay up to $41m to Mastercard in settlement for claims arising from a high-profile breach involving the payment processing firm two years ago. Under the agreement, MasterCard issuers who suffered losses as a result of the intrusion will be eligible for compensation from a $41.4m fund, …
John Leyden, 20 May 2010

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