IP: Foreign Flimflam: [risks] Risks Digest 21.36

[David Farber <dave@farber.net>]

>Date: Tue, 27 Feb 2001 08:40:56 -0500
>From: "Keith A Rhodes" <RhodesK@GAO.GOV>
>Subject: Foreign Flimflam
>
>International thieves are using stolen credit card numbers to buy from
>U.S. vendors over the Internet.  Goods received at U.S. addresses are then
>being rerouted overseas.  One thief had over 300 stolen cards and had
>purchased $900,000 in merchandise.  On-line credit-card fraud is currently
>estimated at $24 million per day.  Prosecution is of course complicated by
>multiple jurisdictions.  [Source: Article by Laura Lorek, Interactive Week,
>25 Feb 2001; PGN-ed]



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