Who’s Behind the Bogus $49.95 Charges?
Summary: Krebs on Security reports that bogus $49.95 credit card charges for herbal weight-loss products are tied to online affiliate programs, with rogue affiliates using stolen cards to generate phony sales and collect commissions. The charges route customers to 888- and 866-numbers and support sites such as supportacr.com, and the promoted pill sites carry a fine-print subscription clause charging $148.00 every three months.
Key Takeaway: George Mason University's Damon McCoy says the herbal affiliate program likely runs no commission holdback, making it a prime target for criminals cashing out card numbers stolen in data breaches. Too many chargebacks can cost a merchant access to Visa and MasterCard processing networks and bring steep fines, which is why the support staff readily reverse the charges.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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