It may sound a little wierd, but rightly described as Modern day Robin hoods in a article on newsday.com stealing online credit card information to may charity payments
Some fraudsters have become generous — with other people’s money, donating to charities with stolen credit cards to verify the numbers are valid before selling them, the security firm Symantec Corp. said Friday on its blog.
Unverified cards fetch up to $6 while verified cards can bring up to $18, said Javier Santoyo, a manager at Symantec. “Even the bad guys want to verify the other bad guys.”The verification method has become popular because the monitoring software at credit-card companies may not question donations to charities, according the Symantec blog. Santoyo said the schemers usually donate less than $10.
Last month alone, the Red Cross refunded 700 fraudulent credit-card transactions, Martin said. That figure doesn’t include the transactions the charity blocked because they appeared fraudulent.
Most wont go to court for a $10 transaction even if the e-thieves did it …. what you you think ?
Internet Security