« Previous Post | Blog Home | Next Post »
Did the debit card fraud case get solved?
Posted on Mar 13, 2006 by Tom Fragala
CNET has this breaking story on the huge debit card fraud case. It appears law enforcement cracked the case. That might explain why so little information was forthcoming on this—they appear to have been hot on the trail of the criminals.
Law enforcement officials in New Jersey have arrested 14 people in connection with a crime spree that has forced banks across the nation to replace hundreds of thousands of debit cards.
The suspects, all U.S. citizens, are accused of using stolen credit and debit card information to produce counterfeit cards that were used to make fraudulent purchases and withdrawals from card-holder accounts, Hudson County Prosecutor Edward DeFazio said. Most of the arrests were made during the past two weeks.
Some of the stolen credit card information came from the office-supply chain OfficeMax as well as North Carolina's State Employees' Credit Union and other businesses, DeFazio told CNET News.com on Monday. "We had cooperation from the security people from many victimized businesses," he said.
Credit-card issuers Visa and MasterCard have blamed a growing number of thefts from debit-card holder accounts--in areas ranging from San Francisco to Boston--on a security breach suffered by a merchant, but they've refused to identify the company.
Filed under: Identity Theft
Comments
Post a Comment