Analysis of information sources in references of the Wikipedia article "Операции без присутствия карты" in Russian language version.
Altogether, the thieves charged a total of $9.5 million from a total of 1.35 million compromised cards over a period of four years starting in 2006. However, only about 10 percent of the fraudulent charges were ever reported or contested, according to the FTC.
If a credit card is physically swiped in the transaction, the bank that issued the card is on the hook for fraudulent charges. If it is a phone or Internet purchase — called a card-not-present transaction — the bank that hosted the merchant account that received the ill-gotten charges must make restitution, said Ms. Litan, the Gartner analyst.
The scammers stayed under the radar by charging very small amounts — typically between $0.25 and $9 per card — and by setting up more than 100 bogus companies to process the transactions. ... According to the FTC, the fraudsters charged 1.35 million credit cards a total of $9.5 million, but only 78,724 of these fake charges were ever noticed.
If a credit card is physically swiped in the transaction, the bank that issued the card is on the hook for fraudulent charges. If it is a phone or Internet purchase — called a card-not-present transaction — the bank that hosted the merchant account that received the ill-gotten charges must make restitution, said Ms. Litan, the Gartner analyst.
The scammers stayed under the radar by charging very small amounts — typically between $0.25 and $9 per card — and by setting up more than 100 bogus companies to process the transactions. ... According to the FTC, the fraudsters charged 1.35 million credit cards a total of $9.5 million, but only 78,724 of these fake charges were ever noticed.
Altogether, the thieves charged a total of $9.5 million from a total of 1.35 million compromised cards over a period of four years starting in 2006. However, only about 10 percent of the fraudulent charges were ever reported or contested, according to the FTC.
