Infosecurity Europe 2007
Infosecurity Europe 2007

Drug dealers move into online fraud

As lucrative as class As and less chance of getting shot

Written by Iain Thomson at Infosecurity Europe 2007, vnunet.com

Drug dealers appear to be abandoning their traditional profession in favour of identify theft, according to a security expert at Infosecurity Europe 2007.

Gordon Rapkin, president of data integrity firm Protegrity, reported that an FBI agent has warned that drug cartels are increasingly abandoning or scaling down their narcotics operations and using their existing network of workers to commit large-scale identity theft.

"Basically the profits are about the same, plus there's the added bonus of not being shot at," said Rapkin.

"In addition the sentences are much lighter and the FBI and other law enforcement are less interested in tracking down the perpetrators, or not interested at all if the amounts stolen are small enough."

Drug bosses are collecting credit card details and creating bogus cards for use at retailers. Gangs of former street dealers are then rounded up, driven en masse to a shopping centre and assigned certain shops to buy preselected items.

By keeping spend down to $200 per person the gangs can usually avoid having the cards refused and the goods can be sold legally, and untraceably, on online auction sites.

With stolen credit cards now being traded for as little as £4, according to the UK's Serious Organised Crime Agency, there are now fears that this kind of crime could be moving to the UK.

Tags:

Reader comments

More from Computeractive

News

The latest home computing news

Downloads

The best PC tools, applications and more

Reviews

Independent opinions on new hardware and software

Step-by-step guides

Easy-to-follow projects with pictures

PC Help

Solve PC problems with our Q&A

Videos

PC projects demonstrated and product reviews

Articles

An in-depth look at how to get the best from your PC

Magazine

What's coming up in Computeractive

Forums

Get help with your PC problems from our readers

Competitions

Your chance to win computing prizes

Shopping

Great deals on products, services and more

Computeractive CD Rom 10
All 26 issues of Computeractive from 2007 on one CD-Rom.

Ultimate Guide to PC Troubleshooting
Everything you need to know to solve your PC problems.

Driving Test Success
The UK's best-selling driving test software.

Computeractive Back Issues
Missed an issue? Click here to find a back issue

Advertisement

Blogs

Windows Watch

Windows Watch

Keeping an eye on the latest XP and Vista news

Geek gender studies

17 Nov 2008We received a press release today advertising a new How to Be a Geek Goddess , by Christina Tynan-Wood , published by...

Download Junkie

Download Junkie

Your daily dose of download discussion

Secure your PC by referring to the official 'Get Safe Online' campaign

17 Nov 2008Use your computer online, even if it's to keep in touch with friends, and you run the risk of being a target...

Advertisement

Free email newsletters

Techno babble demystified...

[Display all definitions]

Or type in any computer-related word and click "Go"

Advertisement

Computeractive is not reponsible for content of Google adverts

Primary Navigation

© Incisive Media Ltd. 2008. Incisive Media Limited, Haymarket House,
28-29 Haymarket, London SW1Y 4RX, is a company registered in the United Kingdom with company registration number 04038503

Search computeractive.co.uk