on affice !!
why not buy a house with a garage
Three brothers have been jailed for a total of 12 years for making fake credit and debit cards. The three pleaded guilty at Southwark Crown Court to conspiracy to defraud. Officers from the Metropolitan Police's specialist card fraud squad were searching an office space in Brent and found evidence that the room was being used …
why not buy a house with a garage
The Police sue the banks et al for introducing (read imposing) such a shoddy and insecure validation system such as chip and PIN.
Buying "designer suits and aftershaves" with their ill-gotten loot...
What about birds, booze, and "sundries"?
should be getting 15 years plus ,so they then serve 5 years, The sentences we give in UK are crap because they only serve 1/3rd of the time anyway. No wonder criminals are laughing.
Sorry I'm Asian and I read the title "credit card fraud" and thought they *must* be asians....clicked through and they are! ahahaaaa! like, who else does that these days that's saaayyyyyy 1998....
Take the McKinnon tactic. Get an Asperger Syndrome diagnosis and point out that you helped to find security holes.
whatever George and Lionel are on, please! Seems like whatever they're on to cause them to create sentences like those could make an interesting working day for me.
When I started readiing the story I had anticipated their surnames would not be Brown, Smith or Jones etc.
It's a funny old world!!
The article only mentions the hilariously outdated magstripe writers, there's no mention of chip and pin having been compromised in this frankly third-rate operation? Buying aftershave and designer suits, maybe for resale maybe for them, either way it's still not massive amounts, again suggesting they were trying to partly at least stay under the old authorisation limit.
Chip and pin is different. This is card skimming and pin stealing at the ATM.
Saying that, though, most shops allow you to bypass the chip and pin saying that it doesn't work, or you can't remember it, and let you sign. With a cloned card, the counterfeighter signs it him/herself so the signature always matches at the checkout.
While the cards still have the magnetic stripe on them, as that is all the criminal needs to copy, put an unreadable chip on the card and bobs your uncle, as far as I know a lot of cash points don't use the chip, certainly abroad, and in this country I frequently don't use the chip as the chip readers seem to be fairly unreliable.
As soon as the card companies ditch the mag strip then we may well have security, at the moment the criminals are almost guranteed finding out or pin as we have to type it....
The line: "...were searching an office space in Brent and found evidence that the room was being used as a credit card factory" sounds like they were searching it for a different reason
altogether and just lucked upon the card factory.
Those Dedicated Plastic Crime boffs are streets ahead of those Undedicated Leather and Metal Crime detectors. You rarely hear from the Dedicated Real Crime unit any more either.
1) Why would the Police sue anyone? They catch people, they don't prosecute, or sue.
2) This is absolutely nothing to do with chip and pin as you would know if you had read the article.
Other than this: ATMs rarely use non-chip and pin auth in the UK any more, if at all. In this sort of crime, most of the cards are shipped off to non Chip and pin countries, such as USA etc.
Before anyone says that they don't need chip and pin because the banks cover the fraud - You, as the customers of the banks cover the fraud, not the banks.
So they have the fake fascias to get the pin details. This means that would have netted tens of thousands (if not hundreds of thousands). Makes a year and bit in prison seem completely worthwhile to me. I'm seriously in the wrong business...
Only when the deterrent is severe enough will it put off the casual criminal from branching out.
In the UK, a merchant is liable for any fraudulant use of a magstripe, if they allow that magstripe to be used on a C&P enabled card.
These people werent rich and powerful enough, otherwise they could of gotten away with it.
After all dont banks just create money out of thin air and put it on their computer systems.
Then loan this pretend money to you and others at intrest.
The money system is the real scam here, its about time it was sorted out or we can just wait for the next 'credit crunch'
"These people werent rich and powerful enough, otherwise they could of gotten away with it."
No, they couldn't, not oughtright card fraud.
"After all dont banks just create money out of thin air and put it on their computer systems."
No, they don't. That would be the bank of England, and it's called quantitive easing, which is a bit different. Having said that, not all money exists actually printed on paper, but it doesn't have to.
"The money system is the real scam here, its about time it was sorted out or we can just wait for the next 'credit crunch'"
Possibly if Gordon Brown had left the 400 year old regulatory system in place without messing with it, we wouldn't be in the mess that we're in at the moment.
"No, they don't. That would be the bank of England, and it's called quantitive easing, which is a bit different"
True but thats on top of the Fractional-reserve banking system that starts at the central bank and filters down through all the other banks.
A quote form Wikipedia (not that I think that anything on Wikipedia should be taken as writtern in stone)
"By its nature, the practice of fractional reserve banking expands money supply (cash and demand deposits) beyond what it would otherwise be."
In other words make money out of thin air.
Wouldnt you like to get hold of that pixie stick?.. hmm I've £500 in the bank, a wave of the pixie stick and suddenly thats £900. Giving me £400 (that doesnt exist) I can lend out at intrest (to people who have to put in work and offer up REAL collateral to pay it back), and if anyone else was to do this, I'm pretty sure this would be regarded as fraud because thats what it is.
"police found a laptop with credit and debit card details on it,"
encrypt the dam hard drive if you really have to do fraud