Credit Card Fraud 97

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Credit Card Fraud 97

  1. 1. Credit Card Fraud Alessio Damiani Salah Al khadra April 7 2010 a
  2. 2. Table of Contents <ul><li>Introduction 3 </li></ul><ul><li>Brief History of Credit Card 4 </li></ul><ul><li>Front and Back of a Credit Card 5 </li></ul><ul><li>What is Credit Card Fraud 6 </li></ul><ul><li>Methods of Fraud 7 </li></ul><ul><li>Tools of the Trade 8-9 </li></ul><ul><li>Example of a skim 1 0 </li></ul><ul><li>Famous Examples 11 -12 </li></ul><ul><li>Ways to Prevent Fraud 13 </li></ul><ul><li>Conclusion and Summary 14 </li></ul><ul><li>References 15 </li></ul>
  3. 3. Introduction <ul><li>Credit card fraud is easy and cheap </li></ul><ul><li>It can happen to anyone </li></ul><ul><li>I will help you understand it and prevent it from happening to you </li></ul>
  4. 4. Brief History of Credit Card <ul><li>1951 Diners Club issues first credit cards </li></ul><ul><li>Magnetic strips came out in the 1960s </li></ul><ul><li>Now they are present everywhere </li></ul>
  5. 5. Front and Back of a Credit Card
  6. 6. What is Credit Card Fraud? <ul><li>Any theft or fraud using a credit card under someone else's name </li></ul><ul><li>Connected to identity theft </li></ul><ul><li>Usually used for cash advances or to buy goods </li></ul>
  7. 7. Methods of Fraud <ul><li>Where the card is not present </li></ul><ul><li>Application Fraud </li></ul><ul><li>Account Takeover </li></ul><ul><li>Skimming </li></ul><ul><li>Carding </li></ul>
  8. 8. Tools of the Trade d
  9. 9. Tools of the Trade cont. e
  10. 10. Example of a Skim <ul><li>http://www.youtube.com/watch?v=U0w_ktMotlo&feature=related </li></ul>
  11. 11. Famous Examples <ul><li>Albert Gonzales </li></ul><ul><li>Responsible for biggest fraud in history </li></ul><ul><li>Stole more than 170 million different credit card numbers </li></ul>f
  12. 12. Famous Examples cont. <ul><li>Maksym Yastremski </li></ul><ul><li>Associate of Albert Gonzalez </li></ul><ul><li>serving time in Turkey for credit card theft there </li></ul>g
  13. 13. Ways to Prevent Fraud <ul><li>Keep track of your credit card </li></ul><ul><li>Use safe networks when internet banking </li></ul><ul><li>Be wary of retail merchants </li></ul><ul><li>Encryption </li></ul><ul><li>Police investigations </li></ul>
  14. 14. Conclusion and Summary <ul><li>Credit cards have been around for a while </li></ul><ul><li>They are convenient </li></ul><ul><li>There are many ways to replicate them </li></ul><ul><li>Be careful when using them and protect yourself </li></ul>
  15. 15. References <ul><li>Pictures: </li></ul><ul><li>a - http://businessminded.ca/post/110510243/pay-off-your-credit-card-on-time-now-you-will-be </li></ul><ul><li>b - http://en.wikipedia.org/wiki/File:Creditcardwcontactless.png </li></ul><ul><li>c - http://en.wikipedia.org/wiki/File:CCardBack.svg </li></ul><ul><li>d - http://cgi.ebay.com/ALDELO-POS-CREDIT-CARD-READER-SWIPER-MSR-BRAND NEW_W0QQitemZ200458549923QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item2eac42baa3 </li></ul><ul><li>e - http://printers.idcardgroup.com/productdetails.aspx?item=P330i </li></ul><ul><li>f - http://en.wikipedia.org/wiki/File:Albert-gonzalez.jpg </li></ul><ul><li>g - http://www.reseaux-telecoms.net/images/actualite/000000002857.jpg </li></ul><ul><li>Works Cited </li></ul><ul><li>“ Albert Gonzales”. http://en.wikipedia.org/wiki/Albert_Gonzalez.n.p.n.d . </li></ul><ul><li>“ Credit Card Fraud”. www.en.wikipedia.org/wiki/Credit_card_fraud.n.p.n.d . </li></ul><ul><li>“ History of Credit Cards”. www.didyouknow.org/creditcards/. Did You Know. February 6 2010 </li></ul>
  16. 16. THANK YOU! Are There Any Questions?

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