Fraud with Online Supermarket Scam

A website has been selling stolen credit card information to large scale fraudsters. The fraud was uncovered by a company called Finjan an online security firm. They found that the web site was selling a great deal of credit card information in bulk with guarantees and volume discounts to the fraudsters.

The site is called SellCVV2. The site was found to use Google’s Web 2.0 Blogspot service. The use of the service was to sell large amounts of credit card data to those willing to buy. The prices of the information varied depending on the country of issue and the type of card required. For example a low limit Visa or MasterCard, or the more valuable gold, platinum, or corporate card would have varying prices.

Typically the prices ranged from 38 dollars per set of card information the fraudsters could by for the premium card accounts if the volume was small. For the classic cards the price is 10 dollars for a hundred or more cards. Consumers were also being offered a trial set of data to guaranteed the account details that didn’t work. According to Finjan this is just one of the many online sites that offer this type of service. The fact that the guarantees and volume discounts exists only goes to show that even in the world of credit card fraud there is commercialisation being used to provide the service and products.

This whole incident is also showing that there is a major problem in the credit card industry. The website itself shows just how much the credit card problem is to the consumer. It is not a problem that can be contained no matter how much security is placed on the cards and the owners. The sites offer so much sophistication that it is impossible to stop the issues.

In December of last year the UK Information Commissioner’s Office said they would investigate the financial data claims. This meant they would look into private account numbers, pins and security codes, and other information provided on the internet that was for sale. The investigation found that there were more than a hundred sites on the web selling British bank details. The Times reported the results. They managed to find banking information on 32 people for free. In fact they found that the websites were willing to sell 30,000 UK credit card numbers for less than a pound each.

In October of last year a high tech gang in New York was found out and is thought to be related to a multi- million dollar fraud scheme in global trafficking. The District Attorney’s office believes the group in New York is responsible for over 4 million dollars worth of credit card fraud and selling over 95,000 stolen credit card numbers. The supermarket online of credit card numbers is not a small problem, and resolving the issue could take several years worth of research to find the heart of the actual gangs selling the information. As the consumer you need to be aware.

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