Articles about credit card fraud

The Register breaking news

Five in slammer over iTunes/eBay card-laundry caper

Five UK residents were jailed on Friday over a conspiracy to launder money using iTunes gift vouchers. The gang used stolen credit card details to buy vouchers which they sold at a discount via eBay and other auction sites. Suhail Tufail, 35, of Rochdale, Lancashire, masterminded the scheme which was estimated to have …
John Leyden, 17 May 2010
The Register breaking news

UK plastic fraud losses fall for first time in 3 years

A rise in online banking fraud losses took some of the shine off the overall fall in debit and credit fraud in the UK last year. Official figures from the UK Cards Association, which represents UK credit and debit card providers, published on Wednesday show that fraud on debit and credit cards fell by 28 per cent in 2009 to £ …
John Leyden, 10 Mar 2010
The Register breaking news

Argos buries unencrypted credit card data in email receipts

Catalogue firm Argos has been criticised for an email security breach that exposed customers’ credit card details and CCV security numbers. The exposure came to light after an Argos customer who checked his order confirmation email found that his credit card number and security code was buried in the HTML source of the message …
John Leyden, 5 Mar 2010
The Register breaking news

Industry groups leap to Chip and PIN's defence

Analysis Banking industry suppliers have lined up to defend Chip and PIN, following the release of research last week from Cambridge University demonstrating how cybercrooks might be able to bypass security controls on credit and debit card transactions in shops. A four man team from Cambridge University demonstrated how it might be …
John Leyden, 18 Feb 2010
The Register breaking news

Chip and PIN security busted

Security researchers have demonstrated a gaping security hole in Chip and PIN credit card authorisations which undermines trust in the technology as a means to verify retail purchases. Cambridge University security researchers have demonstrated how it might be possible to trick the card into thinking it’s doing a chip-and- …
John Leyden, 12 Feb 2010
The Register breaking news

Cardiff tops UK plastic fraud list

Cardiff has displaced London as the worst place in the UK for card fraud, according to a new survey of fraud hotspots. More than a third (37 per cent) of residents of the Welsh capital have been victims of card fraud at least once since 2007, according to an annual update to a Card Fraud Index maintained by CPP, which sells …
John Leyden, 21 Jan 2010
The Register breaking news

Sophisticated parcel mule scam unpicked

Details of a sophisticated re-shipping scam that tricked US residents into working as freight-forwarding middlemen for eastern European crooks, have been exposed by security researchers at RSA. The web-based fraudulent operation received applications from around 1,900 people, hiring 33 marks to take delivery of high-value …
John Leyden, 13 Nov 2009
The Register breaking news

ID fraud prevention week fights UK's fastest growing crime

National Identity Fraud Prevention week kicked off in the UK on Monday. The scheme marks an attempt to raise public awareness of the threat of identity fraud, reckoned to be one of the UK's fastest growing financial crimes. One in ten Brits have already been a victim of identity fraud scams, which involve crooks impersonating …
John Leyden, 12 Oct 2009
homeless man with sign

Online banking scams overshadow plastic fraud slide

UK online banking fraud losses rose 55 per cent to hit £39m for the first half of 2009, according to banking industry figures published on Tuesday. The rise in banking fraud was largely blamed on more sophisticated malware-orientated tactics by cybercrooks, according to Financial Fraud Action UK (formerly the anti-fraud unit …
John Leyden, 7 Oct 2009
The Register breaking news

Notorious hacker Analyzer pleads guilty on credit card scam

Notorious recidivist hacker Ehud Tenenbaum has pleaded guilty to credit card fraud as part of a plea bargaining agreement with US authorities in a multi-million dollar fraud case. Tenenbaum, known as The Analyzer, pleaded guilty to a single count of fraud over his involvement in a sophisticated computer hacking scam reckoned …
John Leyden, 26 Aug 2009
The Register breaking news

Three brothers jailed for credit card factory

Three brothers have been jailed for a total of 12 years for making fake credit and debit cards. The three pleaded guilty at Southwark Crown Court to conspiracy to defraud. Officers from the Metropolitan Police's specialist card fraud squad were searching an office space in Brent and found evidence that the room was being used …
John Oates, 15 Jul 2009
The Register breaking news

NASA hacker Tenenbaum agrees to US extradition

NASA hacker turned credit card fraud suspect Ehud Tenenbaum has agreed to surrender to US justice, The Calgary Sun reports. Tenenbaum (AKA The Analyzer) will face the courts in the US, not those in Canada where he is being held on detention, over allegations he masterminded a multi-million dollar credit card scam. He agreed to …
John Leyden, 1 May 2009
The Register breaking news

Pentagon hacker Analyzer suspected of $10m cyberheist

Charges against notorious hacker-turned-suspected-cyber-fraudster Ehud Tenenbaum have expanded to include alleged fraud involving banks and credit card firms in both Canada and the US. Ehud Tenenbaum (AKA The Analyzer), 29, was arrested in Canada last September on suspicion he conspired with others to hack into the systems of …
John Leyden, 25 Mar 2009
The Register breaking news

Visa yanks creds for payment card processing pair

Visa on Friday alerted the world that RBS WorldPay and Heartland Payment Systems are not on its list of payment card processors who are in good standing with industry-mandated standards for data security. The move follows announcements by both companies that they experienced data breaches that exposed details for a large …
Dan Goodin, 13 Mar 2009
The Register breaking news

Fraud linked to US payment processor breach

US credit unions are reporting a security breach affecting credit and debit card numbers involving a payment processor firm. Neither the name of the company at the centre of the snafu nor how many records might be involved has been disclosed. Official word of the breach came when the Community Bankers Association reported that …
John Leyden, 25 Feb 2009
channel

Cybercrime losses tax UK small business

Cybercrime and fraud are costing Britain's small business £800 a year each, according to a survey by the UK's Federation of Small Businesses (FSB). The SME lobbying group is calling for more action to tackle online crime as a response. More than half (54 per cent) of smaller businesses polled in the survey said they were a …
John Leyden, 19 Feb 2009
The Register breaking news

Police arrest first Heartland suspects

Three Florida-based men have been charged with credit card fraud following the first arrests connected with the hacking attack against payment processor Heartland Payment Systems. The trio - Tony Acreus, Jeremy Frazier, both 20, and Timothy John, 21 - are accused of using stolen card details to "electronically encode Visa Gift …
John Leyden, 16 Feb 2009
The Register breaking news

Datacash tracks down the 3rd Man

Payment service provider Datacash has offered £3.25m to buy UK-based credit card fraud experts the 3rd Man. The offer, announced Monday, represents 30p per share, a 18 per cent premium of 3rd Man's trading price on 22 November. The 3rd Man said the deal will allow it to expand internationally. Andrew Goodwill, a director at …
John Leyden, 23 Dec 2008

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