podcast

Monday, July 9, 2007

 

Thieves using stolen credit cards to make donations

‘They might seem like modern-day Robin Hoods, but they’re really just cyber-robbers.

Some fraudsters have become generous — with other people’s money, donating to charities with stolen credit cards to verify the numbers are valid before selling them, the security firm Symantec Corp. said Friday on its blog.

Unverified cards fetch up to $6 while verified cards can bring up to $18, said Javier Santoyo, a manager at Symantec. “Even the bad guys want to verify the other bad guys.”

The verification method has become popular because the monitoring software at credit-card companies may not question donations to charities, according the Symantec blog. Santoyo said the schemers usually donate less than $10.’




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