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Cyber Risks · Krebs on Security

Counterfeit U.S. Cash Floods Crime Forums

Summary: A fraudster using the alias "MrMouse" began selling counterfeit $20, $50 and $100 bills on several top cybercrime forums in the past month, advertising them as "Disney Dollars" and charging 45 percent of face value in Bitcoin with a $225 minimum order. The fake $100s copy the Series 1996 note rather than the 2013 design, lack magnetic ink, and are claimed to include the watermark, security strip, microprinting and color-shifting ink, while buyers say the $20s feel waxy but the $50s and $100s are good fakes.

What you should know: The Secret Service and counterfeiting experts told Krebs they had not previously seen serious counterfeit currency marketed on crime forums, and a 2010 Chicago Fed study put undetectable counterfeits at about three in 100,000 notes - a rate that assumes the cheap acid-detection pen most businesses rely on, which Kersten says can be fooled by acid-free paper.

Read the original at Krebs on Security ↗

Topics
Data Breaches
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