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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.

Syko5270d ago (Edited 5270d ago )

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

70°

15 Tips & Settings to Get the Most Out of Vision Pro

Vision Pro is here and it’s a surprisingly capable device. Apple has also loaded the headset with a ton of options and features that aren’t obvious at first glance.

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265d ago
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80°

Apple to Release Immersive Video Content of 2023 MLS Playoffs on Vision Pro

Apple announced that its Major League Soccer Season Pass (through Apple TV) will include new immersive video content covering the 2023 playoffs. Apple TV is the exclusive provider of online Major League Soccer broadcasts via the MLS Season Pass subscription.

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80°

How Meta Is Preparing for the EU’s 2024 Parliament Elections

As the election approaches,Meta plans to activate an Elections Operations Center to identify potential threats and put mitigations in place in real time.

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