Category: Security

Farnborough, United Kingdom, 7th January 2009 - Finjan Inc., a leader in secure web gateway products, says that a video news item just published, which shows how easy it now is to manufacture cloned debit and credit cards, confirms the findings of the company's Q2 2008 trends report.

"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 China.

 

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

Malicious Code Research Center (MCRC) is the leading research department at Finjan, dedicated to the research and detection of security vulnerabilities in Internet applications, as well as other popular programs.  MCRC’s goal is to stay steps ahead of hackers attempting to exploit open platforms and technologies to develop malicious code such as Spyware, Trojans, Phishing attacks, worms and viruses.  MCRC shares its research efforts with many of the world’s leading software vendors to help patch their security holes.  MCRC is a driving force behind the development of next generation security technologies used in Finjan’s proactive web security solutions.  For more information, visit our MCRC subsite.

 

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, IDC, Butler Group, SC Magazine, CRN, ITPro, PCPro, ITWeek, Network Computing, and Information Security.  With Finjan’s award-winning and widely used solutions, businesses can focus on implementing web strategies to realize their full organizational and commercial potential.  For more information about Finjan, please visit: www.finjan.com.

 

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