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Fraud Ring Funnels Credit Card Data From Cards To Pakistan
Pat Dollard | Young Americans — October 12, 2008 WSJ European law-enforcement officials uncovered a highly sophisticated credit-card fraud ring that funnels account data to Pakistan from hundreds of grocery-store card machines across Europe, according to U.S. intelligence officials and other people familiar with the case. Specialists say the theft technology is the most advanced they have seen, and a person close to British law enforcement said it has affected big retailers including a British unit of Wal-Mart Stores Inc. and Tesco Ltd. The account data have ...

Your Daily Gloom
Discourse.net — Bruce Schneier, New Chip-and-Pin Scam in the UK: The readers were hacked when they were were built, “either during the manufacturing process at a factory in China, or shortly after they came off the production line.” It’s being called a “supply chain hack.” Sophisticated stuff, and yet another demonstration that these all-computer security systems are full of risks. BTW, what’s it worth to rig an election? ...

The Identity (Theft) Crisis
Pajamas Media — How personal credit information ends up in the hands of Pakistani criminals. [image] We’re having an identity crisis. What will it take for companies to take this as seriously as they should? Officials have found small devices in European point of sale card swipe machines that send selected transaction information to Pakistan. These are the card machines you use at the grocery store — totally plain vanilla. The devices appear to be untraceable and are inserted in some made-in-China MasterCard boxes. The best way to find out if a store has been infected is to literally weigh ...