90 lines
5.4 KiB
Plaintext
90 lines
5.4 KiB
Plaintext
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THE K G B ELITE AGAIN PRESENTS:
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:::::::::::::::::::::::::::::::::::::::
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ASSULT WITH A PLASTIC WEAPON
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FOR INFORMATIONAL PURPOSES ONLY
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BY
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HE MAN
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:::::::::::::::::::::::::::::::::::::::
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This is a summary of an article called ASSULT WITH A PLASTOCE WEAPON it deals
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with credit card fraud and is intended for informational purposes only.
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Armed robbers with machine guns, wearing ski masks stole 6,000 credit cards
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from the CALIFORNIA plant that makes them.Only about half have been recovered.
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A womens telephone credit card was stolen from her purse while she was in NEW
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YORK CITY,and she later recieved a bill for $195,000 in call charged to her
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card.
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It is now easier, safer and more profitable to steal with a credit card than
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a gun says LARRY SCHWARTZ president of the fraud and theft info bureau of
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Boynton Beach Fla.
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Credit cards can be used in person,or the name and number can be written on
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mail orders or telephoned to a wide range of vendors.Cards can also be
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counterfited,lost or stolen through the mails.
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VISA and MASTERCARD losses alone were up 50% from 1982 to 1983-from $135
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million to $200 million according to the American Bankers Association.
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Both card companies are owned by bank consortiums.
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American Telephone & Telegraph Company reports that telephone calls made
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through illegal use of credit card numbers were up an estimated 37% last
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year,from $69.5 million the year before to $95 million this year.
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Brian Brigham a spokesman for Visa international,says use of cards stolen
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from holders accounts for 35.9% of illegal transactions.These transactions
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average $650.The next most common abuse,accounting for 29.2% of illegal
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transactions is with cards that holders have lost.The average use here
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totals $1,047. The next catagory,at 24% is diversion of cards sent through
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the mails. This involves the highest average dollar loss $1,919. Counterfit
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cards account for only 11.2% of the fraud but result in the second highest
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dollar loss.
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Ok there are three cycles lost or stolen cards go through.First they are
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used for large purchases with a quick resale value,such as exspensive
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jewelry.Once the dollar limit on such a card is reached, the criminals
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switch to a lower priced items that do not need validation by a sales clerk
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thus they dont do a credit check showing that the credit limit has been
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reached.(VISA AND MC DO NOT REQUIRE VALIDATION ON PURCHASES UNDER $75
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ALTHOUGH SOME CLERKS ARE NOSY AND RUN A CHECK).
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More than 93% of credit card fraud activity occurs in 12 states, these are,
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NEW YORK,FLORIDA,NEW JERSEY,CALIFORNIA,MASSACHUSETTS,PENNSYLVANIA,VIRGINA
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CONNECTICUT,TEXAS,ILLINOIS,MICHIGAN AND NEVADA.
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Criminals (PHREAKS) obtain account numbers in several ways:#1 Searching
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merchants trash for carbon sheets.#2 Buying stolen cards.#3 Getting temp.
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jobs as mail or telephone order clerks.#4 Working for a bank or having a
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friend that does.#5 Getting card holders numbers over the phone (Like
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impersonating a card company representative.#6 Looking over the shoulder
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of someone making a legit. purchas.#7 Stealing cards from the manufacturer.
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Once in posession of a card it can be altered by shaving off the old #,
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and embossing the card with heat to form a new #.
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Finally some sophisticated counterfiters make their own cards. a New Jersey
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(SCHOOL) was discovered to be offering classes in counterfiting and related
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fraud. Upon completion of the course, students were sold cards to use.
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Placement cosisted of providing graduates with a fence!
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The two bank card issuers have formed a joint venture company with Malco
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Plastics, a leading credit card maker, to market electronic WATERMARK tape
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to approved card producers worldwide. What this tape is used for is to
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hold a permanant non-altering code that has arithmatic sequences imbeded
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into the tape.Get this> another company is trying to use carbonless sales
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slips.Also visa has made a new card,it has a picture on it of a dove and
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when it is tilted at various angles the card changes hue(color and lightness).
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Visa hopes to have 80% of its domestic credit card transactions automated
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by next year,using on on line terminals. These terminals will enable a
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merchant to transmit personal id #'s, known only to visa and the cardholder.
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Banks are also starting new procedures.Like mailing cards in plain envelopes
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with wadding that makes it impossible to feel the cards.Also they are now
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calling the customer to see if they have recieved their card in the mail.
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Ok now a little about the dreaded (FBI). They can enter a credit card fraud
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case that involves interstate transportation of stolen property. But they
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cant touch a case unless it meets a certain dollar ammount. where CC fraud
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is not a great problem the dollar limit is $10,000 and problem ereas the
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limit is $50,000.
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Right now ther are no federal laws against counterfitting,alteration,
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possessing a card with unlawful intent,using a card or # with unlawful intent,
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giving,selling,trading in equipment with the knowledge that they are t be
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used for counterfit cards. Several bills in congress would close these gaps.
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Credit cards are one of the major steps moving twords a cashless society.
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I hope that this bit of info has informed you of the situation
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that the credit card companies are in. Well that is enough for now.
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DONT YOU DO ANYHTING I WOULDENT DO AND HAVE FUN
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WRITEN FOR INFORMATIONAL PURPOSES
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BY
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HE MAN
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