Encoding Stolen Credit Card Data on Barcodes
Summary: The U.S. Secret Service says fraudsters are embedding stolen credit card data in barcodes on phony money network rewards cards, then having cashiers scan the barcode and key in the expiration date and CVV. A recent Texas incident involved a counterfeit club membership card with a barcode encoded with a VISA credit card number, and the transaction was recorded as a card-not-present purchase.
What's compelling: The Secret Service notes that instead of finding a large number of re-encoded credit cards during a search, a subject may only possess stickers or cards with barcodes containing stolen card data - or carry those barcodes on a cell phone, which changes what your fraud controls and physical searches are looking for.
Read the original at Krebs on Security ↗
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- Cybercrime & Law Enforcement
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