Overseas credit card scam exposed

[dipsydoodle]

Source: BBC News

A criminal gang selling UK credit card details stolen from Indian call centres has been exposed by an undercover BBC News investigation.

Reporters posing as fraudsters bought UK names, addresses and valid credit card details from a Delhi-based man.

The seller denied any wrongdoing and Symantec corporation, from whom three victims bought a product via a call centre, called the incident "isolated".

Card fraud totalled £609m during 2008, according to payments group Apacs.

Read more: http://news.bbc.co.uk/1/hi/uk/7953401.stm

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I'd assume that becuase it was Symantec it probably affects the USA too.

[reseacher]

1. speaking of credit card theft

what ever happened to that mad man, LaRouche? Isn't he about 100 years old now?
Did anyone hear that it is unsafe to use online banking?
All this technology adds up to our vulnerability... we are sitting ducks, it seems.

[Hugin]

2. There's probably more where this came from...

It's bound to happen.

[Name removed]

3. Deleted message

Message removed by moderator. Click here to review the message board rules.

[pinniped]

4. Stolen my ass. Those overseas call center fucks are most likely the culprits.

After I let some CC asshole in India have it, he probably put my info on the sell list.

[w4rma]

5. I think its wise not to do any business that sends your info to India to give you "support". (nt)

[pinniped]

18. I canceled those two WAMU (CHASE) CCs and left my WAMU (CHASE)....

bank account balance at $8.XX.

I'll let them maintain this sum while I bank with another company.

[LeftyMom]

20. They'll eventually find a fee to ding you for, send your account negative,

charge more fees for the overdraft, send the whole mess to collections and put you in checksystems so you can't open another bank account until you pay them.

Better just to close it, and make sure you get a statement to that effect.

[OhioChick]

6. British credit card details on sale in India

Source: Economic Times India

20 Mar 2009, 1544 hrs IST, PTI

LONDON: Revealing a case of data theft by a call centre employee in India, a UK-based media group has unearthed a racket allegedly involved in selling credit card details of British customers in New Delhi.

During a sting operation, BBC reporters posing as fraudsters from London bought UK names, addresses and valid credit card details from one Saurabh Sachar, based in New Delhi. The investigation was broadcast in BBC's news bulletin yesterday.

The team went to India on a tip off after being put in touch with a man offering to sell stolen credit and debit card details. Two undercover reporters met the broker in a Delhi coffee shop for an encounter that was filmed secretly.

He said he could supply them with hundreds of credit and debit card details each week at a cost of 10 dollars a card. After the reporters agreed to initially buy the details of 50 cards, the man handed over a list of 14.

Sachar said the remainder would be sent later by e-mail. He claimed some of the numbers had been obtained from call centres handling mobile phone sales or phone bill payments.


Read more: http://economictimes.indiatimes.com/articleshow/4290294.cms

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Snip~ "Data protection lawyer Pavan Duggal told the BBC: "India is only paying lip service to data protection. We don't yet have a dedicated legislation on data protection. Until such times as India comes across with stringent provisions on data security we will have instances like this keep on happening."

A good reason why countries shouldn't make their citizen's personal information sent to foreign countries. Much easier to prosecute in the citizen's country.

[no_hypocrisy]

7. A few years back, an Indian company that did medical transcription threatened to release

sensitive personal and medical data on U.S. citizens if it weren't paid by its contractor.

[Deja Q]

11. Want globalization? Make regulations, morals, and LAWS global too.

Not to mention cost of living.

This is getting grossly out of proportion and we, the working class*, are paying for it.


* that excludes the rich radio shock jocks that whine the same things; they're not working, they're complaining. Making tons of money from their whining too.

[B Whale]

8. i love globalisation

[Deja Q]

10. No doubt.

[ihavenobias]

9. Scary stuff. n/t

[antigop]

12. Not surprised. Thanks for posting. n/t

[Deja Q]

13. I said most of it in #5; regulations, laws, et al, need to be global too.

One country that claims law and order hoisting countries that have no comparable laws and then commit gross identity theft.

Never mind that our own identity also happens to be intellectual property, which the MPAA, RIAA, SBA, and others whine about before offshoring jobs... They blame Americans for piracy but can't be bothered to look up real statistics (CNet Asia, circa 2005, pegged China's piracy rate at 90%, India at 74%)

Thieves.

[OhioChick]

14. I couldn't agree with you more.

Many people don't realize the piracy rate percentages....or the fact that most of the banking industry outsources their work to India, as does the mortgage industry, credit card companies, medical information, social security #'s, etc., etc., etc.

It's a hell of a lot easier to prosecute someone here than it is to track someone down in India and prosecute.

[nichomachus]

16. A good reason to use the "virtual number" feature of your card

Most cards have them -- all of mine do.

You go to the card Web site -- or you can install the feature in tour browser.

When you deal online or on the phone with someone you don't know -- or trust -- you click the button and it generates a phony number, which is a one-time link to your card. It has its own expiration date -- usually the end of the current month.

Some of them allow the number to be used only once. Others allow the card to be used multiple times up to a certain limit set by you. But they can only be used by the person to whom you first give it.

If someone were to steal or sell the number, it would be useless to them.

I use this feature all the time.

The only glitch I can see is if you use to buy something like concert or theater tickets where they expect you to show the card you used when you pick up the tickets. I haven't had a problem yet, but I could see it being an issue if someone wanted to be a pain in the ass.

It also gets around these places that try to sneak "automatic renewal" by you and force you to call them and try to get your money back when they charge your card again.

[ChromeFoundry]

15. Color me surprised.....not.

This has happened in the past and was reported.

[ihavenobias]

17. K & R n/t

[Occulus]

19. "Water Discovered to be Wet"

:D