Moving Down The Fraud Progression Line

from the stepping-stones dept

A new study points out the completely unsurprising news that criminals seem to be moving down the fraud progression line from riskier, less lucrative crimes, to ones that have a higher payout at a lower risk. A shocker to all of you, I'm sure. However, in the specifics, they note that gangs that used to be into drug dealing, now find that online credit card scams are much more lucrative, with a lower chance of getting caught. Who knew the solution for the "war on drugs" is to push gang members into credit card fraud instead? At the same time, however, credit card fraud detection methods have been improving, and the criminals who had been working that scam are moving on to easier targets in debit and ATM cards.

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  • identicon
    dorpus, 16 Feb 2005 @ 8:32pm

    No more drive-by shootings?

    I haven't heard of too many drive-by credit card shootings, hmmm....

    Oh wait, did I just invent a new idea?

    reply to this | link to this | view in chronology ]


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