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An online store trading the details of some 500,000 stolen credit cards is available to fraudsters around the world, according to RSA, the computer security division of the Internet technology company EMC. Each card is sold for $2 to $5, and the website offering the cards claims that 97%–100% of the cards are valid.
How It Works
The stolen information is usually exchanged in underground chat rooms. The website where the information is sold functions the same way as any other e-commerce site, offering visitors the opportunity to
All Kinds of Cards Available
The countries from which the compromised credit cards were stolen include the U.S. the U.K., Austria, Denmark, Belgium, Switzerland, and Sweden. According to RSA's anti-fraud center, the website is updated four to five times per day, and it offers to replace any invalid cards free of charge.
Have you been a victim of credit card theft or other consumer fraud? Contact a knowledgeable consumer fraud attorney today to protect your rights.
Consumer fraud class action lawsuits are specifically designed to help individuals who have been similarly aggrieved to pursue a common goal – namely to hold the deceptive business accountable for any damages suffered. Thus, consumers who have been defrauded by a corporation or other entity may file a consumer fraud class action lawsuit on behalf of themselves and others to seek compensation for their shared grievance.
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