Computer Crime Research Center


Russia: credit card frauds

Date: May 24, 2004
Source: Computer Crime Research Center
By: Timofey Saytarly

Computer crimes are very latent owing to mechanism and ways of committing. According to the FBI 85-97% of all computer violations are not even opened. Experts consider that latency of computer crimes in the US is 80%, in UK - 85%, in Germany - 75%, in Russia - more than 90%. In the West less than 1% of computer crimes are brought to court. At that, experts say inspections allow revealing of not more than 10% of e-thefts.

Only 15% of credit card crimes are disclosed. According to the Ministry of Internal Affairs of Russia, scammers bring up to $4 billion of direct monetary damage to banks. Sequels of hacking are 2 billion worth. Besides, a client, having suffered the loss would simply withdraw all his funds from the bank.

"The majority of thefts happen owing to unconcern", First Deputy Chief General Office, Russian Ministry of Internal Affairs, Konstantin Machbeli explains, "$100 disappeared from your card. You think you might have spent it and then forgotten. Many people just write their pin codes right on their cards. Our scammers often steal money from foreigners' cards. It takes a long time to get information from their abroad banks. Therefore we have such 15% crime detection of card frauds. However our banks begin to trust us more and more because together we are able to track down each machination and finally nab a thief."

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