Web site exposes credit card fraud

[InfoSec News <isn () c4i org>]

Forwarded from: "Stanislav N. Vardomskiy" <stany () NotBSD org>

It seems that overall the issue is about trust.  Do you trust the vendor
you buy your computer hardware from?  Do you trust the waiter as you pay
you bill?  Do you trust CardCops?


http://www.cnn.com/2002/TECH/internet/06/26/identity.theft.ap/index.html

WASHINGTON (AP) -- An anti-fraud education group that tipped federal
authorities to a major Internet credit card scheme has opened a Web
site that will let Americans check to see if their card numbers are in
the hands of thieves.

The database of stolen credit card numbers, which became available on
the Web late Tuesday, was created over the last seven weeks and has
already identified nearly 100,000 credit card numbers, the group said.

The group, CardCops, collected the information from Internet chat
rooms where thieves have been checking whether stolen card numbers are
still good to use or have been deactivated.

The group alerted the Secret Service to the scheme and turned over its
database to investigators. It then decided to create the Web site so
Americans can check their numbers and possibly prevent fraudulent
charges.

"We're creating a situation where Joe Consumer can check his card on
the Internet to see if it's been possibly abused," said Dan Clements,
founder of CardCops.

Cardholders can check their numbers by going to
http://www.Cardcops.com and typing in the number. If it comes back
positive, cardholders should alert their financial institution.

CardCops say they have secured the database, and as an extra
precaution it is asking cardholders who check their numbers not to
enter the expiration date that is ordinarily required to complete a
purchase. 

[...]


Signed:
//Stany
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