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IWETHEY Home / IWETHEY Board / News Picks Forum / Is credit card fraud higher?
Post #33,447
by static
Picture of static
3/26/02 12:20:59 AM
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New Is credit card fraud higher?
I heard about a report a few years ago that had conclusive evidence that credit card fraud on the 'net is substantially lower than with traditional telephone mail order. But this was a few years ago... (a few seconds Googling suggests CC fraud has recently gotten some new legs on the 'net.)

Wade.

"All around me are nothing but fakes
Come with me on the biggest fake of all!"
Post #33,454
by Andrew Grygus
Picture of Andrew Grygus
3/26/02 5:32:16 AM
Reply
New Yes
It is more difficult to know the source of a transaction and the expected time for clearance is so low not much checking can be done. A typical scam originates in Ukrania but with a U.S. credit card and it ships to a U.S. address. Right now 1 in 4 credit card transactions originating in Ukrania is fraud, and other former Soviet republics are close behind.

There is a new subscription service that tracks the origin of the transaction to allow better evaluation. Orders originating outside the U.S. but shipped to a U.S. address are highly suspect.

Considering the number of Web businesses that run on Microsoft IIS servers, the supply of credit card info for fraud is easy picking and essentially unlimited.
[link|http://www.aaxnet.com|AAx]
     Kiss Hotmail goodbye - (marlowe) - (16) - March 22, 2002, 05:14:40 PM EST
         Bad thing? - (wharris2) - (1) - March 22, 2002, 05:54:19 PM EST
             No, they say spam is still being accepted . . . - (Andrew Grygus) - March 22, 2002, 06:03:29 PM EST
         I never recommended HotMail. - (static) - (3) - March 23, 2002, 04:04:33 AM EST
             There have been many clues - (Ashton) - March 23, 2002, 01:52:40 PM EST
             For me, it has one use. - (mmoffitt) - (1) - March 24, 2002, 03:44:19 PM EST
                 Read it or else - (orion) - March 24, 2002, 03:46:55 PM EST
         Kiss Yahoo goodbye too! - (orion) - (9) - March 23, 2002, 08:27:21 PM EST
             Face it - the end of free Internet anything is upon us. - (Andrew Grygus) - (8) - March 23, 2002, 09:35:04 PM EST
                 Didn't I already say that - (orion) - (1) - March 24, 2002, 01:51:30 PM EST
                     Me, the sage? - (orion) - March 24, 2002, 02:01:13 PM EST
                 I don't think it was entirely clear - (drewk) - (5) - March 25, 2002, 08:52:33 AM EST
                     The ad thing was obviously doomed from the start - (Andrew Grygus) - (3) - March 25, 2002, 10:12:02 AM EST
                         Nutshell/in/a -NT - (Ashton) - March 25, 2002, 12:35:53 PM EST
                         Is credit card fraud higher? - (static) - (1) - March 26, 2002, 12:20:59 AM EST
                             Yes - (Andrew Grygus) - March 26, 2002, 05:32:16 AM EST
                     TV-type ads can still work - (wharris2) - March 25, 2002, 12:57:10 PM EST

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