3d rendering of a credit cards

Earlier this month, in what is being called the biggest identity theft bust in US history, 111 individuals were charged with running a credit-card-stealing organization.

Alleged criminals stole more than $13 million in less than a year and a half by utilizing skimming operations.

Skimming occurs when a credit card is swiped through special machine that stores credit card information and sends it to a third party. In this situation, the skimmers were restaurant, retail, and other employees that were paid to use the illegal devices.

This crime ring has ties all around the globe, reaching as far as Africa, Russia, China, and Libya. The thieves would take the credit card information and transfer it to a new credit card to go on shopping sprees, and purchase luxury cars and high-end electronics.

Source: PC World October 7, 2011.


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