2. Table Of Contends Introduction History How it Works How to Protect Your Self Police Prevention Conclusion 2
3. Introduction Debit and Credit card fraud has become an international, underground multimillion dollar business and has become the main source of financial income for many organized crime groups around the world. AND ITS COMING TO AN ATM NEAR YOU! 3
4. History First bank issued credit card (1946)(1) First debit cards started appearing around 1980’s in America (2) Fraud Has been an issue ever since criminals realized it is easier and safer to counterfeit information then to rob people. 4
5. How it Works: Credit Card Fraud Credit card fraud is fairly simple Hackers gain information Simple reading devices at gas stations, restaurants can be used. Later copied on to blank cards and used Blank cards can easily be modified, skimmers can easily change the name, number, picture to any they choose, using special printers Online purchases are also very common 5
6. How it works: Credit Card Fraud Credit Card numbers are gained by spam, computer hacking. Or using mini readers to steal information. (3)(4) 6
7. How it works: Debit Card Fraud Trickier then Credit Card Fraud because the pin code is required Debit Cards are more preferred because it is very easy to take out cash from accounts Also very easy to make purchases because of low suspicion Devices have to manufactured. Card over lays are usually created using CNC machines, and Pin Hole cameras are custom made to match the bank machine 7
8. How it Works: Debit Fraud The top Picture shows a card slot over lay, which is used to record card information Bottom picture shows a person installing a pinhole camera used to capture the pin number (5) 8
10. How it Works: Point of Sale Debit/Credit Fraud Reading Devices installed in to terminals Very hard to spot Hard to Triangulate location of breach 10
11. Police Prevention Bank Hired Investigators Banks put in new bank machines Card Chips (already obsolete) Triangulation of point of breach Increased bank security (8)(9)(10) 11
12. How it Works: Debit/Credit FraudAccessibility Surprising Fact All of these devices can be very easily purchased of the internet on websites such as http://www.softkeysolution.com/index.html Any training and information needed can be very easily discussed and taught on underground forums such as cardingworld.cc 12
13. How it works Video Demonstration YouTube Video http://www.youtube.com/watch?v=_m4jYdu-IJo&feature=PlayList&p=C5A665D5D09BB43F&playnext_from=PL&playnext 13
14. How To Protect Your Self Always cover your pin Be careful who you give your card to Be aware of people around you while at ATM Be picky about the sites you use Check your accounts often (7) 14
15. Conclusion Debit Card and Credit Card Fraud is easily accessible to anyone Very profitable Popular with the new generation of organized crime Very low punishment 15
