Tag:stolen credit cards
Chicago card skimming ring busted at Wrigley Field
6 charged in skimming scheme at restaurants, Wrigley Field
Six people are accused of stealing bank information from patrons at Chicago restaurants and Wrigley Field, then running up more than $200,000 in purchases on phony cards. Joseph Woods, 32, allegedly paid employees to skim credit card information by using a small credit card reader provided by Woods, according to the state attorney genereal's office. The employees would swipe the cards and Woods would create counterfeit cards to charge up thousands of dollars in purchases, the office said. Britain Woods, 33, Essence Houston, 28, Jenette Farrar, 34, and Kenyatta Davis, 31, worked at Wrigley Field, RL Restaurant, Taco Bell andMcDonald's, officials said. Alex Houston, 22, along with Joseph Woods, was charged with using the phony credit cards to make illegal purchases, officials said. The suspects, all from Chicago, were each charged with one count of conspiracy to commit a financial crime, which carries a sentence from four to up to 15 years, officials said. Joseph Woods, Essence Houston, Alex Houston and Davis also were charged with continuing a financial crimes enterprise. Joseph Woods, Alex Houston and Davis face an additional identity theft charge that carries a sentence of from three to seven years, officials said. Officials said the bank accounts that were compromised include Chase, U.S. Bank, Citibank, Harris Bank, American Express, Bank of America and Fifth Third Bank.MasterCard and Visa Confirm “Massive” Credit Card Theft
Law enforcement officials are investigating what appears to be a massive theft of U.S. consumers' credit card data, MasterCard and Visa confirmed Friday.
The computer security expert who first reported the theft said it might involve as many as 10 million MasterCard and Visa accounts, making it one of the
largest known credit card heists. Read more
How can restaurants be sure cardholder data is secure?
How can restaurants be sure cardholder data is secure? Earlier this year, ABCNews.com published an article discussing a study done by Visa that identified restaurants as the most likely sources of credit card theft. An estimated 40 percent of all credit card theft occurs at restaurants – more than any other location. Understanding why this is the case is easy, restaurants are one of the few merchants that regularly accept customers’ credit cards and physically remove them from the sight of their owners during processing. Finding the solution? Not so much. Read more
What is Card Skimming? And How to Protect Your Customers
Occasionally lax security by some merchants enables criminals to easily steal and use personal consumer financial information from payment card transactions and processing systems. It’s a serious problem – more than 234 million records with sensitive information have been breached since January 2005, according to Privacy Rights Clearinghouse.org. As a business or nonprofit accepting donations, you are at the center of payment card transactions so it is imperative that you use standard security procedures and technologies to thwart theft of cardholder data. Merchant-based vulnerabilities may appear almost anywhere in the card-processing ecosystem including point-of-sale devices; personal computers or servers; wireless hotspots or Web shopping applications; in paper-based storage systems; and unsecured transmission of cardholder data to service providers. Today, we will focus on a main concern for any business that accepts payments. Michael's was a recent example of the vulnerabilities of even the enterprise level businesses. http://news.consumerreports.org/electronics/2011/05/michaels-stores-hit-by-credit-card-skimming.html
What is Card Skimming? Read more
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