Cyber Crime

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CYBERCRIME:DEBIT/CREDIT FRAUD

Yevgen Bershadsky #100629876Konstantin Semerdji #100611781

April 07,2010

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Table Of Contends

Introduction History How it Works How to Protect Your Self Police Prevention Conclusion

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Introduction

Debit and Credit card fraud has become an international, underground multimillion dollar business and has become the main source of financial income for many organized crime groups around the world.

AND ITS COMING TO AN ATM NEAR YOU!

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History

First bank issued credit card (1946)(1) First debit cards started appearing

around 1980’s in America (2) Fraud Has been an issue ever since

criminals realized it is easier and safer to counterfeit information then to rob people.

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How it Works: Credit Card Fraud

Credit card fraud is fairly simple Hackers gain information Simple reading devices at gas stations,

restaurants can be used. Later copied on to blank cards and used Blank cards can easily be modified,

skimmers can easily change the name, number, picture to any they choose, using special printers

Online purchases are also very common

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How it works: Credit Card Fraud

Credit Card numbers are gained by spam, computer hacking. Or using mini readers to steal information.

(3)(4)

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How it works: Debit Card Fraud

Trickier then Credit Card Fraud because the pin code is required

Debit Cards are more preferred because it is very easy to take out cash from accounts

Also very easy to make purchases because of low suspicion

Devices have to manufactured. Card over lays are usually created using CNC machines, and Pin Hole cameras are custom made to match the bank machine

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How it Works: Debit Fraud

The top Picture shows a card slot over lay, which is used to record card information

Bottom picture shows a person installing a pinhole camera used to capture the pin number (5)

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How it Works: Debit Fraud

Pin pad (6)

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How it Works: Point of Sale Debit/Credit Fraud

Reading Devices installed in to terminals

Very hard to spot

Hard to Triangulate location of breach

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Police Prevention

Bank Hired Investigators Banks put in new bank machines Card Chips (already obsolete) Triangulation of point of breach Increased bank security (8)(9)(10)

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How it Works: Debit/Credit FraudAccessibility

Surprising Fact All of these devices can be very easily

purchased of the internet on websites such as

http://www.softkeysolution.com/index.html Any training and information needed can

be very easily discussed and taught on underground forums such as cardingworld.cc

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How it works Video Demonstration

YouTube Video

http://www.youtube.com/watch?v=_m4jYdu-IJo&feature=PlayList&p=C5A665D5D09BB43F&playnext_from=PL&playnext

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How To Protect Your Self

Always cover your pin Be careful who you give your

card to Be aware of people around you

while at ATM Be picky about the sites you use Check your accounts often (7)

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Conclusion

Debit Card and Credit Card Fraud is easily accessible to anyone

Very profitable Popular with the new generation of

organized crime Very low punishment

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Reference http://inventors.about.com/od/cstartinventions/a/credit_cards.htm (1) http://www.economywatch.com/debit-card/history.html (2) http://www.syns0r.com/site/Cameras_and_Camcorders/Memory_Cards/

Sima_Card_Reader/magnetic_stripe_readers.html (3)

http://chattahbox.com/images/2009/08/hacker.jpg (4) http://www.theukcardsassociation.org.uk/files/ukca/media/pinhole_ca

mera.jpg (5)

http://interiorsavingsnewsletter.com/sept2008/images/ProtectYourPin.jpg (7)

Cardingworld.cc http://

madukes.files.wordpress.com/2009/03/2005-techart-911-carrera-police-car-porsche-sa-1280x960.jpg (10)

http://www.fahad.com/pics/incard_otp_credit_card.jpg (9) http://

comsecllc.files.wordpress.com/2009/11/iphone_gps_using_cell_tower_triangulation.jpg (8)