Fergie's Tech Blog

High-Tech Crime Is an Online Bubble That Hasn't Burst

Doreen Carvajal writes in The New York Times:

There are no storefronts or corporate headquarters in the cybercrime industry, just savvy sellers in a murky, borderless economy who are moving merchandise by shilling credit card numbers — “two for the price of one.”

“Sell fresh CC,” promised one who offered teaser credit card numbers. “Visa, MasterCard, Amex. Good Prices. Many countries.”

Electronic crime is maturing, according to security experts, and with its evolution, criminals are adopting conventional approaches like supermarket-style pricing and outsourcing to specialists who might act as portfolio managers or computer technicians.

posted by Fergie @ 4/06/2008 06:10:00 PM