Hackers Are Using Hi-Tech Technology for Fake Credit Cards

by Sumit Agrawal    August 28, 2008

Hi-tech criminals have figured out a way to scam people with stolen credit card details. The gang plans to copy credit card details onto the magnetic stripes of fake cards and cashing out by swiping it!

With the help of computer security experts, the BBC found a discussion on a card fraud website in which hi-tech thieves debated the best way to strip money from the US accounts.

Thieves claim to have comprehensive details of US credit and debit cards passed to them from an American gang who tapped phone lines between cash machines and banks. 

They have really chosen the wrong way to use their knowledge. Hackers were really prepared for a supermarket sweep with their fake credit cards

This work is licensed under a Creative Commons Attribution 3.0 License.

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