Fri, Jul 13th 2007 10:39am
The Secret Service has busted four people in Florida, and recovered 200,000 credit cards from the TJX breach that was disclosed earlier this year. Recovering the credit-card numbers at this point does little more than link the fraudsters to the breach, but they're said to have been used to rack up more than $75 million in fraudulent charges. The people busted here didn't apparently participate in the theft of the credit-card data, but bought them from "known cybercriminals in Eastern Europe" and then used the numbers to make counterfeit cards. In any case, they're way more productive than another group of Florida scammers busted back in March, who only managed to rack up $8 million worth of goods at Sam's and Wal-Mart. Since banks get left holding the bag for this type of fraud, expect more lawsuits as they look to recover their losses from TJX's astounding level of incompetence.
If you liked this post, you may also be interested in...
- Awesome Stuff: Smartphone Proximity Locks For Your Car
- If Virginia Elections Weren't Hacked, It's Only Because No One Tried
- Netflix Moving To Encrypted Streams, As Mozilla Moves To Deprecate Unencrypted Web Pages As Insecure
- The Story Behind The Hackers Behind The Largest Credit Card Number Heist
- Looks Like The Guy Who Set The Record For Largest Credit Card Breach Was Breaking His Own Record