Moving Down The Fraud Progression Line

from the stepping-stones dept

A new study points out the completely unsurprising news that criminals seem to be moving down the fraud progression line from riskier, less lucrative crimes, to ones that have a higher payout at a lower risk. A shocker to all of you, I'm sure. However, in the specifics, they note that gangs that used to be into drug dealing, now find that online credit card scams are much more lucrative, with a lower chance of getting caught. Who knew the solution for the "war on drugs" is to push gang members into credit card fraud instead? At the same time, however, credit card fraud detection methods have been improving, and the criminals who had been working that scam are moving on to easier targets in debit and ATM cards.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Reader Comments

Subscribe: RSS

View by: Time | Thread


  • identicon
    dorpus, 16 Feb 2005 @ 8:32pm

    No more drive-by shootings?

    I haven't heard of too many drive-by credit card shootings, hmmm....

    Oh wait, did I just invent a new idea?

    link to this | view in chronology ]


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.