Computer Crime Research Center


"Plastic" criminality part2

Date: February 26, 2004
Source: Computer Crime Research Center
By: Dmitri Kramarenko

Part 2. See Part 1

Philip Zolotnitzki, head of press-cutting service of Economic Crime Unit of Moscow Police Department: "We had to get 300 our officers to take part in these operations, and ATM that we didn't manage to take in we just disconnected".

Even policemen talked about these students with some admiration. No one could do this before. Principle of such device is know long ago, since they were the first who managed to make it tiny and suitable for operation. Moreover experts couldn't understand how this device was attached to the ATM at once, so they had to disassemble it right at the place.

Students with maximum extent used originality of this device, they sold one duplicate to French Arabs that were engaged in credit cards fraud. Also students sold them data from cards obtained in Moscow. That's why though they are caught, money from accounts may disappear in future. Not so long ago such information came from France and Germany.

however that may be, but credit card owners are lucky. First, because the crime is disclosed. Second, because bulk of stolen amount of money is "alive". Students didn't havr time to spend 55% of stolen $ 700 thousand. So half will be returned. Info on defrauded banks and stolen sums from them is not unbosomed in the interests of investigation.

Generally credit card thefts are complicated because there is great number of criminal accomplices and victims so that it is hard to give back money.

Each credit card holder knows that it is necessary to secure Pin-code, never show or give it to strange persons and keep plastic cards safe and secure.

As is it clears up, even simple cash withdrawal in ATM may have deplorable end. That's why it is better to know in advance about possible swinlders' tricks than once to lose money. Lets point out most spread ways of credit card frauds.

To be continued...

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