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**tgs** · 06-12-2006, 08:00 AM

What you do is you pay some professional hackers to steal some credit card numbers from a website, use them w/in one hour and dump them. If you can't hack them you just buy them from a fence.

The stolen cc numbers are used to create a billing entity for another website from an ISP/Hosting company. They bill by the month with a one time charge + first month up front. By the time the CC company catches up the site is up and down and gone.

Lather rinse repeat.

BTW ~70% of credit card fraud occurs at the place of business of the retail walk-in vendor. Most of the remainder occurs in the calling center where you give your CC number over an 800 (toll free in the US) phone number. About 20% of all call centers in the US are run in prisons. That's right it's the new growth industry for private prison management - retail calling centers. They sell merchandise, telemarket and solicit for charities. There is very little straight up CC fraud online - most of the problems are the result of poor security.

06-12-2006, 08:00 AM	#4
tgs Join Date Mar 2007 Age 48 Posts 5,125 Senior Member	What you do is you pay some professional hackers to steal some credit card numbers from a website, use them w/in one hour and dump them. If you can't hack them you just buy them from a fence. The stolen cc numbers are used to create a billing entity for another website from an ISP/Hosting company. They bill by the month with a one time charge + first month up front. By the time the CC company catches up the site is up and down and gone. Lather rinse repeat. BTW ~70% of credit card fraud occurs at the place of business of the retail walk-in vendor. Most of the remainder occurs in the calling center where you give your CC number over an 800 (toll free in the US) phone number. About 20% of all call centers in the US are run in prisons. That's right it's the new growth industry for private prison management - retail calling centers. They sell merchandise, telemarket and solicit for charities. There is very little straight up CC fraud online - most of the problems are the result of poor security.
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