Here’s Why Credit Card Fraud is Still a Thing

Credit to Author: BrianKrebs| Date: Wed, 29 Jul 2020 19:46:03 +0000

Most of the civilized world years ago shifted to requiring computer chips in payment cards that make it far more expensive and difficult for thieves to clone and use them for fraud. One notable exception is the United States, which is still lurching toward this goal. Here’s a look at the havoc that lag has wrought, as seen through the purchasing patterns at one of the underground’s biggest stolen card shops that was hacked last year.

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“BriansClub” Hack Rescues 26M Stolen Cards

Credit to Author: BrianKrebs| Date: Tue, 15 Oct 2019 11:05:09 +0000

“BriansClub,” a popular underground store for buying stolen credit card data that uses Yours Truly’s likeness in its advertising, has itself been hacked. The data stolen from BriansClub encompasses more than 26 million credit and debit card records taken from hacked online and brick-and-mortar retailers over the past four years, including almost eight million records uploaded to the shop in 2019 alone.

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