The Small World podcast has a fascinating interview with a debit card fraudster who describes the techniques employed in the bank-fraud underworld to rip off incredible sums of money, how the banks cover it up, and how the funds traverse international borders.
We discuss credit card data centers getting hacked; why banks getting hacked doesn't make mainstream media; reissuing bank cards; how much he makes cashing out bank cards; how banks cover money stolen from credit cards; why companies are not cracking down on credit card crimes; how to prevent credit card theft; ATM scams; being "legit" in the criminal world; how he gets cash out gigs; getting PINs and encoding blank credit cards; how much money he can pull in a day; e-gold; his chances of getting caught; the best day to hit the ATMs; encrypting ICQ messages.
(via Bruce Schneier)
