[ISN] Global Card Fraud Ring Busted

From: InfoSec News <alerts_at_private>
Date: Wed, 17 Aug 2011 01:54:41 -0500 (CDT)
http://www.bankinfosecurity.com/articles.php?art_id=3963

By Tracy Kitten
Managing Editor
Bank Info Security
August 16, 2011

NSW Police in Australia say the department's fraud squad has arrested 
and charged five Malaysian and Sri Lankan nationals suspected of being 
behind an elaborate international card-skimming scheme that spanned the 
United Kingdom, mainland Europe and North America.

The alleged scheme, which authorities have been investigating for 
several months, involved skimming at point-of-sale terminals in numerous 
merchant locations. Police did not say how the accused are suspected of 
pulling off the scam -- such as through a compromised employee or 
through the swapping of POS devices, as was the case in the recent 
Michaels POS breach. [See Michaels Breach: Patterns Showed Fraud.]

Police, however, did say authorities seized numerous POS terminals, PIN 
overlays and other electronics, such as laptops and mobile phones. 
Authorities also discovered [CAN] $10,000 in cash, falsified 
identification and travel documents and a number of Canadian credit 
cards.

Over the last several months, investigators in connection with the case 
have seized more than 50 stolen POS terminals, dozens of skimmers and 
more than 18,000 blank and counterfeit cards. So far, 25 people have 
been arrested and charged.

[...]


___________________________________________________________
Tegatai Managed Colocation: Four Provider Blended
Tier-1 Bandwidth, Fortinet Universal Threat Management,
Natural Disaster Avoidance, Always-On Power Delivery
Network, Cisco Switches, SAS 70 Type II Datacenter.
Find peace of mind, Defend your Critical Infrastructure.
http://www.tegataiphoenix.com/
Received on Tue Aug 16 2011 - 23:54:41 PDT

This archive was generated by hypermail 2.2.0 : Tue Aug 16 2011 - 23:53:30 PDT