The podcast explores the criminal underworld of credit card theft and the online marketplaces where stolen credit cards are bought and sold.
The US Secret Service actively monitors illegal carding markets and collaborates with international partners to combat credit card fraud and theft.
Deep dives
The dark world of stolen credit cards
This podcast episode explores the criminal underworld of credit card theft and the online marketplaces where stolen credit cards are bought and sold. Hackers who steal large quantities of credit cards turn to these marketplaces to offload their stolen goods. The episode follows the story of a hacker known as Roman Selesnev, who was involved in selling stolen credit card information. The Secret Service and other law enforcement agencies were actively tracking Roman's activities and tried to bring him to justice. The podcast delves into the investigation, the challenges faced, and the ultimate capture and sentencing of Roman Selesnev.
The business of stolen credit card dumps
This episode delves into the process of selling stolen credit card dumps in the criminal underworld. It explains how stolen credit card information, including the cardholder's name, expiration date, card number, and bank details, can be purchased for different prices depending on location and additional information provided. Some individuals use card writers to convert blank cards into fully functioning stolen credit cards, while others buy and use the dumps directly. The importance of finding trustworthy vendors is emphasized, as many stolen credit cards for sale could be expired or flagged as stolen.
The US Secret Service's fight against credit card hackers
The US Secret Service plays a crucial role in investigating and combating credit card fraud and theft. Their objectives are to protect high-profile individuals and to tackle criminal activity related to the financial and payment industries. They actively monitor illegal carding markets and online forums where stolen credit card information is bought and sold. The Secret Service builds cases against individuals involved in these activities, working in collaboration with international partners. The podcast highlights the challenges faced by law enforcement agencies in apprehending individuals like Roman Selesnev, who operated in countries with limited cooperation with the US.
The impact of credit card theft on businesses and individuals
This podcast sheds light on the significant impact of credit card theft on both businesses and individuals. Many small businesses become victims of credit card breaches, often due to vulnerabilities in their systems. The aftermath of a breach includes hefty fines for non-compliance, reputation damage, and financial losses. Customers also suffer the consequences, with fraudulent charges affecting their finances and trust. The episode highlights specific cases where businesses had to close down due to the fallout from credit card theft. It underscores the importance of strong cybersecurity measures and vigilance in protecting sensitive customer data.
A carding kingpin was tracked by the Secret Service. How did he steal the cards? Where was he stealing them from? How much was he making doing this? And where did he go wrong? Find out all this and more as we listen to how the Secret Service investigated the case.
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