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50°

FTC: Scammers Stole Millions in Micro-Charges to Credit Cards

A gang of unknown thieves has stolen nearly $10 million in micro-charges made to more than a million credit and debit cards in an elaborate years-long scam, according to a lawsuit filed by the Federal Trade Commission in March.

The fraudulent charges went unnoticed by the majority of card owners because they were made in small amounts — ranging from 20 cents to $10 — that bypassed fraud detection algorithms, and because the scammers typically made only one fraudulent charge per card.

The sophisticated scam, which was first reported by IDG News Service, began in 2006 and was stifled only recently after the FTC succeeded to shut down merchant accounts the scammers were using and halt the activities of at least 14 money mules who were laundering illegal proceeds for the gang.

Syko4990d ago (Edited 4990d ago )

Sounds similar to the "Office Space" scam, only it was pulled off successfully...For a while at least.

90°

Adaptive headlights will save us from blinding LEDs

Hate nighttime driving glare? Car manufacturers opting for the brightest LED headlights are to blame, butdaptive headlights will help.

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acceleramota.com
70°

The Downward Spiral of Linus Media Group

Shaz from TL writes: “Linus Sebastian’s media company, Linus Media Group, is under fire. From ethical concerns with videos, to allegations of workplace harassment.”

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teqluster.com
60°

10 HP Printer Problems and How to Troubleshoot Them

Read this post to learn about 10 HP printer problems and how to troubleshoot them. Follow all the steps carefully while solving the error for a smooth result.

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hp.startsetways.com