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NEWS ABOUT: credit card fraud

Big Citi Hack Reveals Ugly Truth About Banks

Firms not investing enough on protecting customers, analysts say

(Newser) - The massive data breach at Citigroup has alarmed customers, angered lawmakers, and sparked debate on whether big banks are spending enough money on protecting their customers' information, the New York Times finds. Credit card companies have devoted their resources to preventing fraud from occurring when data is stolen and not... More »

PlayStation Hackers: We’ve Got 2.2M Credit Cards

Users report fraud, but it may be coincidence

(Newser) - Chatting in online forums, hackers are citing a huge haul from the attack on Sony’s PlayStation Network : They claim they now have access to some 2.2 million credit cards. The assertion can’t be verified, say experts—but a number of users are reporting suspicious charges on their... More »

Millionaire Finds Kid's Lost Credit Card, Charges Pizza

Dentist had $250 in cash on him

(Newser) - So a millionaire dentist stumbles across some student's lost credit card in a parking lot, and promptly goes inside the store to ... charge $40 worth of pizza? That's the sad-sack story of Richard Ludwig, according to Florida cops, who found him inside Mia Pizza Pasta Kitchen waiting on two pies... More »

Teens Behind 'Crimebook' Web Forum Sentenced

British teens created 'Facebook for crooks'

(Newser) - A career in cybercrime that began with hacking into boarding school records to erase friends' detention records ended yesterday with a 19-year-old ringleader sentenced to up to 5 years in jail. Nick Webber and two teenage accomplices were convicted of setting up a "Facebook for crooks" on which criminals... More »

Credit Card Scammer Hits Ben Stiller, Other Stars

Not-so-bright suspect used same address for them all

(Newser) - Note to budding identity thieves: To avoid drawing attention, it's probably not wise to ask the bank to keep sending credit cards in the names of high-profile Hollywood stars to your small apartment. Chicago authorities busted a Nigerian man who allegedly stole personal information on the likes of Ben Stiller,... More »

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