178 Arrested In US/EU Credit Card Cloning Ops 103
eldavojohn writes with this report from Brian Krebs: "Authorities have moved in on 178 people accused of working in credit card cloning labs across the USA and Europe, but with the bulk of the work apparently operating out of Spain. The source states that 'Police in 14 countries participated in a two-year investigation, initiated in Spain, where police have discovered 120,000 stolen credit card numbers and 5,000 cloned cards, and arrested 76 people and dismantled six cloning labs. The raids were made primarily in Romania, France, Italy, Germany, Ireland, and the United States, with arrests also made in Australia, Sweden, Greece, Finland, and Hungary. The detainees are also suspected of armed robbery, blackmail, sexual exploitation, and money-laundering, the police said.' Krebs notes a new credit card debuting at Turkish banks that appears to have a built-in LCD that has a random six-digit number associated with each transaction much like RSA SecurID keys used for computer logins."
lol stealing from investment banks (Score:2, Funny)
if you are going to steal from someone, don't steal from professional thieves.
Re:Doesnt sound very profitable. (Score:5, Funny)
They should just stick to guns, drugs, and prostitution.
Intrigued, newsletter, etc., etc.
Re:Random? (Score:3, Funny)
"Even if the thief knows the algorithm, they would require significant time (an understatement) to acquire enough samples to accurately predict the next number that the server is expecting. So, for all practical purposes, yes, it's random."
Yep, digital security, almost always infallible. When was the last time a digitally secure system was broken? About 15 minutes ago? Well, I'll be sleeping easier tonight, surely.
Re:Random? (Score:4, Funny)
No, it's that nobody can predict it.
You haven't got a hope in hell of predicting the next number I write down, but for me it's a certainty.