Jayne Hanson reports: A credit card fraud phenomenon sweeping the nation has caused concern for Lake Havasu City Police Department’s white-collar crimes experts. […] “What we are seeing is some new type of activity,” said Lake Havasu City Police Det. Scott Cheshire. When merchants use virtual credit card systems to batch charges at the end…
Category: Business Sector
Ca: 15-year-old caught in Richmond with hundreds of skimmed credit cards
And what is your teenager doing for work this summer? Vivian Luk reports: A 15-year-old boy was arrested last month at a Richmond gas station for connection to a credit card skimming operation. […] The boy is suspected of copying credit card information from several hundred customers without their knowledge, and then selling the stolen…
CT man pleads guilty in large ID theft and fraud scheme
David B. Fein, United States Attorney for the District of Connecticut, announced that Luis Melendez, also known as “Ramiro Morales-Cruz,” 33, of New Haven, pleaded guilty today before Senior United States District Judge Alfred V. Covello in Hartford to one count of access device fraud and one count of aggravated identity theft stemming from a…
Appeals court absolves firm that exposed man’s SSN
What constitutes a privacy harm? For those of us covering data breaches and privacy breaches, there’s been a somewhat disturbing trend by courts to restrict the notion of “harm” to unreimbursed financial harm due to a breach. Worry, embarrassment, time lost, and increased risk of future harm are recognized as being consequences, but generally, plaintiffs…
In: BPO employee held for data theft
A young computer engineer was nabbed by the company authorities for data theft from the company computer and uploading it on another data sharing site for future use. He was nabbed by city cyber cell officials on Saturday. According to cyber cell officials, they had received a complaint from Satellite police station officials where Anand…
ACH Fraud Sparks Another Suit
Linda McGlasson reports: In another round of bank vs. customer, a Maine business has sued its bank, alleging that the institution failed to prevent fraudulent ACH transactions totaling more than $500,000. Patco, a Sanford, Maine-based construction company, had its corporate bank account raided over a six-day period last May by cyber thieves who were able…