Russian Law Enforcements disclosed large swindle
with the false credit cards
By Vladimir Golubev
Date: June 09, 2003
Russian Law Enforcements succeeded to reveal unprecedented crime related to a fraud with credit cards. According to policemen, it is the first so grave crime committed with the use of false credit cards. Having penetrated in databases of several foreign banks, hackers made the exact duplicates of the credit cards, but under the name of other persons.
Agents were surprised to withdraw the high-level equipment from offenders. Malefactors worked in a big way. They made any cards, including the VISA, the MasterCard and the American-express. Besides, they used the foreign materials for manufacturing the forgeries.
Feature of this crime is malefactors not only forged the cards... By means of the Internet they have hacked protection of many foreign banks and downloaded the information on clients and their accounts. So cards were almost true - they had a PIN-code^; besides, criminals were informed about sums of money at the cards.
Criminals also sold the cards for 10-15 percent of the sum at a card. Frequently swindlers "applied" the false foreign passport to the card^; it allowed client to make expensive purchase abroad. And scandals in foreign banks were developed when swindlers were already in Russia. Now the Investigatory Committee believes in Interpol, it should help to determine a real damage which was caused by the transnational criminal group to foreign banks.
Computer Crime Research Center
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