The Federal Trade Commission has moved to freeze the assets of an international gang that allegedly used stolen credit card numbers to charge $9.5 million in phony small-value online transactions. As reported in Computerworld, because the fake individual sales were often only for pennies, fewer than 79,000 of the charges made on 1.35 million credit cards ever got noticed.

29
06

2010
05:44

The Federal Trade Commission has moved to freeze the assets of an international gang that allegedly used stolen credit card numbers to charge $9.5 million in phony small-value online transactions. As reported in Computerworld, because the fake individual sales were often only for pennies, fewer than 79,000 of the charges made on 1.35 million credit cards ever got noticed. — William Kresse, director of the Center for the Study of Fraud and Corruption at Saint Xavier University

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