credit card fraud

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With Eye on Fraud Crackdown, Mastercard Makes $2.65B Bid

Card-issuer will buy threat intelligence company Recorded Future

(Newser) - Mastercard is buying global threat intelligence company Recorded Future for $2.65 billion to strengthen its cybersecurity services. The card issuer has been attempting to enhance fraud protections for customers and in May it rolled out a software update that integrated artificial intelligence into its fraud-prediction technology. The company believes...

After Surfside Condo Collapse, an 'Abhorrent' Alleged Crime

3 are charged with stealing the identities of 7 victims following shopping sprees

(Newser) - Two women and a man allegedly stole the identities of seven victims of the condominium collapse in Surfside, Fla. , in the days after the tragedy and spent thousands of dollars on shoes and a Versace purse. Miami-Dade State Attorney Katherine Fernandez Rundle described the suspects—Betsy Alexandra Cacho-Medina, 30; her...

Authorities Couldn't Find This Guy—Until He Lost His Temper

Marcus Catalin Rosu is accused of 'skimming' from ATMs

(Newser) - If only Marcus Catalin Rosu had kept his cool. The California man's blow-up at an airport car rental eventually led to his arrest for alleged "skimming"—a fraud issue that plagues the ATM industry, the New York Times reports. Authorities say Rosu, 39, had been riding his...

'Unusually Sophisticated' Credit Card Fraud Linked to Gangs

California investigators have accused some 30 people with stealing over $1 million

(Newser) - More than 30 purported street gang members have been charged with stealing more than $1 million in what authorities said Monday was an unusually sophisticated credit card fraud scheme. Members and associates of the BullyBoys and the CoCo Boys street gangs based in the suburbs east of San Francisco defrauded...

Parents Want Teen Daughter Hit With Felony Fraud Charge

She allegedly used dad's info to buy $1,200 flight to Germany

(Newser) - There's tough love, and then there's pushing for felony charges against your teenage daughter. Michigan Live reports an area dad received notification Sunday about a possibly fraudulent charge on his credit card. It was determined that the man's 18-year-old daughter had allegedly used his information to get...

Watch Thieves Install Fake Card Scanner in Seconds

Miami Beach police are searching for the 2 men

(Newser) - Police are looking for two men spotted installing a credit card skimmer on a point-of-sale system at a Miami Beach gas station on Wednesday. As a Digg post observes, the ease of the whole operation is "frankly terrifying." A surveillance video shows two men approach the counter of...

Here's Why You Should Freeze Your Credit Reports

It's the only way to stop criminals from opening new accounts in your name

(Newser) - Freeze your credit reports before you get burned. That's the message from security experts, consumer advocates, and some state attorneys general. They say more people should consider a credit freeze as a way to block identity thieves from opening new credit cards and other accounts in your name. They...

Cops: Teen Girl Goes on 3-State Crime Spree

Ivie Jade Adams, 17, is accused of multiple felonies

(Newser) - A Georgia teen and her boyfriend allegedly went on a Bonnie-and-Clyde-style crime spree (minus the shootouts) that included car theft and credit card fraud, WSB-TV reports. Police say Ivie Jade Adams, 17, took her mom's car in Milton, Ga., picked up her boyfriend, and went to a local bank—...

How You Use Credit Cards Changes This Week

Retailers will be liable for fraud if they don't adopt chip system

(Newser) - Credit card purchases are about to get a little slower and a lot more secure. Consumers have been receiving new cards with fraud-prevention chips and on Thursday, a lot more retailers will be asking customers to put their card in a reader instead of swiping it, reports the Los Angeles ...

Credit Card Breach Hits 2.6M Michaels Customers

Plus 400K Aaron Brothers customers

(Newser) - Michaels Stores Inc. said yesterday that about 2.6 million cards, or about 7% of all debit and credit cards used at its namesake stores, may have been affected in a security breach. The nation's largest arts and crafts chain said its subsidiary Aaron Brothers was also attacked, with...

Pair Busted at Mexico Border May Be Tied to Target Hack

Mexican couple had 90-some bogus credit cards

(Newser) - When two people with some 90 fake credit cards were arrested trying to enter the US, authorities reported a link to the hack of Target stores —but the story has gotten more muddled. A South Texas police chief said the two Mexicans, Daniel Dominguez Guardiola and Mary Carmen Vaquera...

Credit Card Info Stolen From Barnes & Noble Keypads

Hackers break into point-of-sale terminals

(Newser) - Bad news if you've recently swiped your credit card at a Barnes & Noble: Hackers broke into keypads at 63 of the bookstores, making off with customers' credit card info. The breach was first discovered on Sept. 14, but kept hush-hush because the FBI was investigating, CNET reports. For...

Big Citi Hack Reveals Ugly Truth About Banks

Firms not investing enough on protecting customers, analysts say

(Newser) - The massive data breach at Citigroup has alarmed customers, angered lawmakers, and sparked debate on whether big banks are spending enough money on protecting their customers' information, the New York Times finds. Credit card companies have devoted their resources to preventing fraud from occurring when data is stolen and not...

PlayStation Hackers: We’ve Got 2.2M Credit Cards

Users report fraud, but it may be coincidence

(Newser) - Chatting in online forums, hackers are citing a huge haul from the attack on Sony’s PlayStation Network : They claim they now have access to some 2.2 million credit cards. The assertion can’t be verified, say experts—but a number of users are reporting suspicious charges on their...

Millionaire Finds Kid's Lost Credit Card, Charges Pizza

Dentist had $250 in cash on him

(Newser) - So a millionaire dentist stumbles across some student's lost credit card in a parking lot, and promptly goes inside the store to ... charge $40 worth of pizza? That's the sad-sack story of Richard Ludwig, according to Florida cops, who found him inside Mia Pizza Pasta Kitchen waiting on two pies...

Teens Behind 'Crimebook' Web Forum Sentenced

British teens created 'Facebook for crooks'

(Newser) - A career in cybercrime that began with hacking into boarding school records to erase friends' detention records ended yesterday with a 19-year-old ringleader sentenced to up to 5 years in jail. Nick Webber and two teenage accomplices were convicted of setting up a "Facebook for crooks" on which criminals...

Credit Card Scammer Hits Ben Stiller, Other Stars

Not-so-bright suspect used same address for them all

(Newser) - Note to budding identity thieves: To avoid drawing attention, it's probably not wise to ask the bank to keep sending credit cards in the names of high-profile Hollywood stars to your small apartment. Chicago authorities busted a Nigerian man who allegedly stole personal information on the likes of Ben Stiller,...

17 Stories