NJ Prosecutor: Debit Card Crime Ring Busted

["Fergie" <fergdawg () netzero net>]

Via C|Net News.

[snip]

Law enforcement officials in New Jersey have arrested 14 people in connection with a crime spree that has forced banks 
across the nation to replace hundreds of thousands of debit cards.

The suspects, all U.S. citizens, are accused of using stolen credit and debit card information to produce counterfeit 
cards that were used to make fraudulent purchases and withdrawals from card-holder accounts, Hudson County Prosecutor 
Edward DeFazio said. Most of the arrests were made during the past two weeks.

Some of the stolen credit card information came from the office-supply chain OfficeMax as well as North Carolina's 
State Employees' Credit Union and other businesses, DeFazio told CNET News.com on Monday. "We had cooperation from the 
security people from many victimized businesses," he said.

Credit-card issuers Visa and MasterCard have blamed a growing number of thefts from debit-card holder accounts--in 
areas ranging from San Francisco to Boston--on a security breach suffered by a merchant, but they've refused to 
identify the company.

[snip]

More:
http://news.com.com/2100-1029_3-6049290.html

- ferg


--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg () netzero net or fergdawg () sbcglobal net
 ferg's tech blog: http://fergdawg.blogspot.com/


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