Security News > 2016 > May > New Credit Card Scam (Schneier on Security)

New Credit Card Scam (Schneier on Security)
2016-05-11 11:34

A criminal ring was arrested in Malaysia for credit card fraud: They would visit the online shopping websites and purchase all their items using phony credit card details while the debugging app was activated. The app would fetch the transaction data from the bank to the online shopping website, and trick the website into believing that the transaction was approved,...


News URL

https://www.schneier.com/blog/archives/2016/05/new_credit_card.html