- Published: 06 January 2009
- Written by NStinchcombe
"That report, from our Malicious Code Research Center, highlighted the fact that organised crime is now highly active when it comes card fraud, and bears an uncanny resemblance to organised crime organisations such as 'La Cosa Nostra,'" said Yuval Ben-Itzhak, Finjan's Chief Technology Officer.
"Wired's video news item, which shows a Newport Beach police detective reporting a successful raid on a payment card fraudster, highlights the fact that, armed with card details harvested from the Web, organised criminal gangs can now produce cloned cards, complete with holograms, within a matter of minutes," he added.
According to Ben-Itzhak, by sourcing card creation products from around the world, large numbers of cloned cards can be professionally produced using a printing system costing around $10,000, and using foil plus specialist ink sourced from
Finjan's quarterly trends reports have repeatedly highlighted the fact
that card details are now being offered for sale en masse on the
Internet, with ID starter kits going for $10 a unit or less when
bought in volume.
$10,000 for a printing press, he explained, is a relatively small
outlay for a criminal gang which can then produce large quantities of
a cloned cards in a matter of hours.
For more on the card cloning video report: http://tinyurl.com/95uqvr
For more on Finjan’s Trend Reports: http://www.finjan.com/trendreports
About MCRC
About Finjan
Finjan is a global provider of web security solutions for the enterprise market. Our real-time, appliance-based web security solutions deliver the most effective shield against web-borne threats, freeing enterprises to harness the web for maximum commercial results. Finjan’s active real-time web security solutions utilize patented behavior-based technology to repel all types of threats arriving via the web, such as spyware, phishing, Trojans and obfuscated malicious code, securing businesses against unknown and emerging threats, as well as known malware. Finjan's security solutions have received industry awards and recognition from leading analyst houses and publications, including Gartner,
© Copyright 1996-2008. Finjan Software Inc. and its affiliates and subsidiaries. All rights reserved.
All text and figures included in this publication are the exclusive property of Finjan and are for your personal and non-commercial use. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, use or sell any part of its content in any way without the express permission in writing from Finjan. Information in this document is subject to change without notice and does not present a commitment or representation on the part of Finjan. The Finjan technology and/or products and/or software described and/or referenced to in this material are protected by registered and/or pending patents including European patent EP 0 965 094 B1 and U.S. Patents No. 6092194, 6154844, 6167520, 6480962, 6209103, 6298446, 6353892, 6804780, 6922693, 6944822, 6993662, 6965968, 7058822, 7076469, 7155743, 7155744, 7185358, 7418731, and may be protected by other U.S. Patents, foreign patents, or pending applications.
Finjan, Finjan logo, Vital Security, Vulnerability Anti.dote, Window-of-Vulnerability, and Finjan RUSafe are trademarks or registered trademarks of Finjan Inc., and/or its affiliates and subsidiaries. All other trademarks are the trademarks of their respective owners.