Security News > 2020 > July > Shocked I am. Shocked to find that underground bank-card-trading forums are full of liars, cheats, small-time grifters

The denizens of online forums dedicated to trading in stolen credit cards have been shown to be wretched hives of scum and villainy.

We're told only a small fraction of the crooks lurking on the boards were commercial traders buying and selling stolen cards for cybercrime use.

As it turns out, and as the buyer would only find out after completing the purchase, the credit card details were false.

These scams, known as "Rippers," are well-known among carding forums.

The full paper, "Behind the Scenes of the Underworld: Hierarchical Clustering of Two Leaked Carding Forum Databases" was published in the journal Social Science Computer Review.

News URL

https://go.theregister.com/feed/www.theregister.com/2020/07/23/carding_forum_scams/