From: dlv@bwalk.dm.com (Dr.Dimitri Vulis KOTM)
Date: Mon, 1 Sep 1997 21:41:57 +0800
To: cypherpunks@toad.com
Subject: Carding
In-Reply-To: <cJ7vHp9OYe6SZxEVBEbNlQ==@bureau42.ml.org>
Message-ID: <aHTcce6w165w@bwalk.dm.com>
MIME-Version: 1.0
Content-Type: text/plain



> > > "Smak" delivered an encrypted CD containing over 100,000 stolen
> > > credit card numbers. After the validity of the credit card information
> > > was confirmed through decryption of the data on the CD, "Smak" was
> > > taken into custody by the FBI.
> > >
> > >   And the 100,000 people were immediately notified that their credit
> > > cards had been compromised? I fucking doubt it. Better to screw over
> > > 100,000 citizen-units than expose the incompetence of a few companies
> > > and the government's fight against strong encryption and computer
> > > security.
> >
> > I was recently notified by a bank that issued one of my credit cards that
> > my card number had been sold, along with thousands of other account
> > numbers, to an undercover FBI agent. The bank canceled my account, opened
> > a new one, and overnighted a replacement card. No big deal, and no loss
> > to me.
> >
> > OTOH, it *might* have been in response to a different incident. Keep
> > those paranoid rants coming.
>
>   Why don't you tell us the name of the company that has such lousy
> computer security that your credit was placed in jepoardy, so that we
> can decide if we want to avoid doing business with them?

Waitaminute.

If your credit card number is stolen and misused, and you follow the
procedures, your credit is not affected.

The financial institutions eat the losses from fraud (humongous), then
pass them on cardholders and merchants.

---

Dr.Dimitri Vulis KOTM
Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps