U.S. Govt. Appears To Have Nabbed Kurupt.su Carding Kingpin 44
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Unknown Lamer
from the can-i-see-your-id dept.
from the can-i-see-your-id dept.
tsu doh nimh writes "The Justice Department on Monday announced the arrest of a Dutch man wanted for coordinating the theft of roughly 44,000 credit card numbers. The government hasn't released many details about the accused, except for his name and hacker handle, 'Fortezza.' But data from a variety of sources indicates that Fortezza was a lead administrator of Kurupt.su, a large, recently-shuttered forum dedicated to carding and Internet fraud. Krebsonsecurity.com provides some background on Fortezza, who 'claimed to be "quitting the scene," but spoke often about finishing a project with which he seemed obsessed: to hack and plunder all of the other carding forums.'"
Re:the banks win, again (Score:4, Insightful)
"If the banks were losing out from this though would change the credit card system."
They're definitely losing big money but they're doing so much business that the losses don't have a material impact on their profits. Millions or maybe tens of millions vs. tens or hundreds of billions. Not enough to justify the expense of updating all the point-of-sale systems(they already have the technology to do this) and certainly not enough to make them want to change their policies of giving easy credit to anyone with a pulse.