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100s of credit cards hacked

The Durango Police Department is warning residents about a large-scale debit- and credit-card fraud that occurred last month and earlier this month at Mama’s Boy Italian Ristorante.
All credit and debit cards used at the restaurant between early August and mid-October were sent to a computer hacker, said Joe Farmer, investigator with the Durango Police Department.
“All of these cards are at risk of being duplicated,” he said.
The computer system at the restaurant, 2659 Main Ave., was hacked in...
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FICO and Infoglide Software Collaborate to Strengthen Fraud Investigations

Embedded Infoglide identity and link analysis technology will help users of FICO’s market-leading fraud management solutions stop emerging fraud schemes faster
MINNEAPOLIS — October 25, 2011 — FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced it is enhancing its risk management and fraud detection applications by incorporating Infoglide’s market-leading Identity Resolution Engine® (IRE) software. Infoglide IRE will serve as the identity resolu...
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 RFID Cards: A Greater Credit Card Fraud Risk?

By the AllClear ID team
Vanessa here, with AllClear ID. “Smart Cards,” credit cards embedded with RFID chips, are getting more attention as more banks issue them to their customers.
What is RFID – and why is it in my credit card? An RFID (radio-frequency identification) credit card has a radio frequency microprocessor inside it that contains your card information. When you check out at the register, you wave your smart card within a few inches of an RFID-enabled terminal. The terminal reads your d...
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Appeals court says some claims may proceed in Hannaford data breach lawsuit

Computerworld - In a rare instance of a court siding with consumers in a data breach lawsuit, a federal appeals court has cleared the way for a class-action lawsuit to proceed against grocery chain Hannaford Bros. over a 2007 data breach that exposed millions of customers' credit and debit card numbers.
The U.S. Court of Appeals for the First Circuit last week ruled that consumers who took proactive steps to protect themselves against fraud and identity theft in the wake of the breach may seek...
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Aussie Teen’s Money Laundering Scam Reaches $200,000

Out of her frustration by inaction of the banks the mother from New South Wales filed a lawsuit before the Supreme Court against Commonwealth Bank, Australia New Zealand Bank, Westpac and National Australia Bank, the Sydney Morning Herald reports.
The scheme started in 2007 when her son, then 14, sold expensive items such as laptops, mobile phones and watches on eBay without delivering the merchandise. The scam earned for the teen over $6,000 a day, which gave him enough money to live the high...
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The Hindu : Cities / Chennai : Another gang of credit card fraudsters nabbed

In yet another crackdown on bank card fraudsters, the Bank Fraud Wing of the Central Crime Branch (CCB) has busted a gang on Sunday who cloned freshly issued credit cards of Chennai customers in connivance with two courier personnel.
Police arrested Balaji (32), Vignesh (20) and Sridhar (30) and seized the air blower gun, a skimmer device and a laptop containing information on credit card details of 64 persons in Chennai, sources added.
The culprits used an air blower gun to open envelopes...
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Philippines a ‘safe haven’ for transnational cybercime: PNP

“[The] situation has become alarming as the country becomes a safe haven for cybercrime operators involved in cyber pornography, cybersex den, illegal gambling, credit card fraud and identity theft but the operating units could hardly deal with them because cybercrime operators, many of them foreign mafias, are aware of the present organizational and technical incapability of the country’s law enforcement agencies,” Director Samuel D. Pagdilao, Jr., chief of the Philippine National Police (PNP)...
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Loveland police working with federal officials on credit card fraud probe

The Loveland Police Department has now received more than 500 complaints of credit and debit card fraud since an influx of calls reporting unauthorized charges began on Oct. 14 and are investigating alongside federal authorities.
Loveland police said in a news release that new credit/debit cards have been using information that was compromised.
Police say they don’t know when the accounts were compromised and are working with the victims, other law enforcement agencies, federal authorities and f...
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FBI: Gangs turning to white-collar crimes

WASHINGTON — The Federal Bureau of Investigation on Friday estimated there are some 1.4 million gang members in the United States and they are turning to white-collar crimes as more lucrative enterprises.
Gangs like the Bloods and the Crips are engaging in crimes such as identity theft, counterfeiting, selling stolen goods and even bank, credit card and mortgage fraud, said a new FBI gangs threat assessment.
"We've seen it, but we've seen them doing it even more now and we attribute to the fact...
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Credit card thief spends $717 at Burger King in Boca Raton in two months

This credit card thief went on a Burger King shopping spree — and racked up $717 for burgers and chicken.
A Boca Raton woman called police this week after discovering someone used her credit card to run up hundreds of dollars at the fast-food chain in two months, according to a Boca Raton police incident report.
Since Aug. 25, the thief used the card up to several times a day but at just one place: the Burger King at 175 N. Federal Highway in Boca Raton, near Mizner Park. That averages about $14...
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Ten Things You Can't (Easily) Buy With Credit Cards

By Michelle Crouch
Thanks to new technology and mobile card readers, you can use your credit card to buy just about everything these days, from candy in a vending machine to goods at a garage sale. But there are still a few types of transactions you can't use your credit card for, either because they're high-risk, they attract a lot of fraud or they simply tend to give customers a bad case of buyer's remorse, leading to disputes and charge-backs that are expensive for the credit card companies....
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Credit card ripoff: Bank duped of Rs 65L

NEW DELHI: Credit card fraudsters racked up Rs 65 lakh by bleeding a leading private sector bank in a mindboggling operation that left both the bank and cops in a tizzy. There were two gangs working in tandem. And what has send ripples through the bank brass was the enemy within - a senior manager and a certified verification agent - all part of the well-oiled machinery that siphoned off cash. Police busted the entire network late on Wednesday and eight people have been arrested. But the bank...
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Credit Card Fraud and Chargebacks Reduced by Using BinDB to Verify Bank Identification Numbers

With growing numbers of online buyers, a solution for comprehensive fraud protection extends to additional data checks using BinDB.
For Immediate Release
LEWES, Del./EWORLDWIRE/Oct. 20, 2011 --- Financial institutions, banks and payment providers increasingly concerned about credit card and gift card fraud can utilize an added layer of prevention through BinDB software and comprehensive data about banks around the world.
Either through a one-time purchase or through using the BinDB software,...
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Northern Colorado sees rise in credit card fraud

By Jason Pohl (10/20/11 10:12am)
A surge in credit card theft in northern Colorado this week has prompted a police scramble and special investigation by the Larimer County Sheriff’s Office.
A formal investigation was called for on Tuesday after eight separate cases were reported to the office, according to John Schulz, the public information officer for the Sheriff’s Office.
There is “definitely a sense of urgency to try and identify where the problem is coming from,” Schulz said in an email to the...
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U.K. credit card fraud could dip 40% this year

Credit card fraud in the United Kingdom could decline by 40% in 2011, according to a recent analysis from Experian PLC, which sells fraud prevention and credit reporting and monitoring services.
Experian says that credit card fraud decreased 36% in the second quarter compared to the same period a year ago.
Experian’s findings are based in part on its review of the proportion of fraudulent credit card applications to genuine ones, and says that 12 of 100,000 applications were fraudulent in the s...
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Crime Prevention Unit Puts Technology On The Prowl

Their mascot is a jaguar, his jaws open and ready to “take a bite out of crime.”
This isn’t your dog in a trenchcoat kind of operation any more.
“The jaguar is at the top of the food chain, it’s very smart,” explained Sgt. Darren Harris, who is overseeing the transformation of a former clerical area of the Santa Clarita Valley Sheriff’s station into the Crime Prevention Unit, an information center that can quickly switch into an Emergency Operations Center during a crisis.
Crime Prevention Unit Puts Technology On The Prowl

“A jaguar looks at its p...
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AVG's latest Threat Report (33 page PDF) was released today

AVG's latest Threat Report (33 page PDF) was released today and with it's 'warts and all' view of the world, offers limited hope for improvement any time soon.
Highlighted in the report was the growing move away from credit card hacking and towards other forms of monetary fraud; in particular mobile phone fraud.
iTWire asked AVG's CTO Yuval Itzhak for his thoughts on the matter.  Itzhak first pointed to the fact that with banks applying more and more protection to credit card transactions, there...
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Outdated credit-card technology cited in ID-theft bust

When New York City police and prosecutors recently announced they had charged more than 100 people in what they described as the largest identity theft bust in U.S. history, they also blamed U.S. credit card issuers for relying on outdated technology that makes Americans cardholders especially vulnerable to thieves. That's a problem we investigated in our June 2011 Consumer Reports story “House of Cards.”
As we explained, American credit- and debit-card data are usually stored unencrypted on a...
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More than 100 arrested in massive NYC theft ring

By COLLEEN LONG
updated 10/7/2011 2:54:20 PM ET
NEW YORK — Bank tellers, restaurant workers and other service employees in New York lifted credit card data from foreign tourists and residents as part of an identity theft ring that stretched to China, Europe and the Middle East and victimized thousands, authorities said Friday.
In total, 111 people were arrested after a more than $13 million spending spree in luxury goods, and five separate criminal enterprises were dismantled. District Attorney...
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Consumers Feel Painful Consequences of Reduced Interchange Fee

By: Lynn Oldshue, Editor
New interchange fee regulations go into effect this Saturday, October 1, but many consumers are already experiencing some painful consequences.
New rules that will cut the cost of the interchange fee for merchants have already helped trigger more fees for debit card use, some monthly charges on checking accounts, eliminated most debit card reward programs, and may end the convenience of using a debit card for small purchases.
Consumers may give little thought to the...
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