Interesting People mailing list archives

IP: Foreign Flimflam: [risks] Risks Digest 21.36

From: David Farber <dave () farber net>
Date: Sat, 28 Apr 2001 10:00:02 -0400

Date: Tue, 27 Feb 2001 08:40:56 -0500
From: "Keith A Rhodes" <RhodesK () GAO GOV>
Subject: Foreign Flimflam

International thieves are using stolen credit card numbers to buy from
U.S. vendors over the Internet.  Goods received at U.S. addresses are then
being rerouted overseas.  One thief had over 300 stolen cards and had
purchased $900,000 in merchandise.  On-line credit-card fraud is currently
estimated at $24 million per day.  Prosecution is of course complicated by
multiple jurisdictions.  [Source: Article by Laura Lorek, Interactive Week,
25 Feb 2001; PGN-ed]




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IP: Foreign Flimflam: [risks] Risks Digest 21.36 David Farber (Apr 28)