Offenders Charged With $1 Million Cyber-fraud Case for Conducting Unauthorized Transactions
The accused allegedly purchased credit card information extracted from websites based in other countries by their peers in the crime world.
Cybercriminals generally create fake credit cards. The stolen credit card information is placed on the magnetic strips. The accused than recruited fake shoppers for using the fake credit cards at Apple stores based in New York, Oregon and Florida among others. The hired shoppers purchased iPad, iPod and other Apple products by using the fake credit card. Credit card fraud and identity theft are some of the major crimes committed by stealing sensitive personal information. Criminals place the actual name of the fake shoppers on the front of the fake card to avoid detection. Payment authorizations generally tally the details on the magnetic strip and do not match the name embossed on the credit card. The number of people affected by identity theft cases runs in several millions across the world. The growing number of cybercrime instances poses threat to information security of online shoppers.
Victims of credit card fraud and identity theft place several repercussions such as loss of money, opening of fake credit accounts on their name, loan default letters from financial institutions for credit taken by offenders, denial of credit, low credit scores, negative credit report and legal hurdles. Victims also suffer intangible losses such as emotional trauma and adverse reputation. Investigators have identified two cybercrime rings operated by Shaheed Bilal and Anthony Harper both aged 28 and based at Brooklyn.
User negligence, security flaws and programming errors results in breach of sensitive personal information from websites. Information security professionals must regularly scan the websites for flaws and threat vectors. Proactive security measures would ensure that vulnerabilities are mitigated prior to their exploitation by cybercriminals.
Organizations generally use ethical hacking to conduct in-depth security evaluation. In this case, the investigators found a cache of tools used for developing duplicate credit cards, cash worth $3,00,000 and even firearms and ammunitions from the raided houses. Cyber educated counter crime professionals, updated cybercrime laws and international cooperation is crucial to bring justice to offenders and control the growing menace of cybercrime
EC-Council provides industry training and certification for information security professionals in ethical hacking among many other specializations. "Understanding how hackers exploit these vulnerabilities is a key requirement to hardening software and hardware. That is why EC-Council focuses on ethical hacking as an approach to information security evaluation" as stated by EC-Council's Senior Director, Steven Graham. EC-Council through its Certified Ethical Hacker program has trained such information security professionals from all over the world.
The International Council of E-Commerce Consultants (EC-Council) is a member-based organization that certifies individuals in cybersecurity and e-commerce skills. It is the owner and developer of 16 security certifications, including Certified Ethical Hacker (CEH), Computer Hacking Forensics Investigator (CHFI) and EC-Council Certified Security Analyst (ECSA)/License Penetration Tester (LPT). Its certificate programs are offered in over 60 countries around the world. These certifications are recognized worldwide and have received endorsements from various government agencies including the U.S. federal government via the Montgomery GI Bill, Department of Defense via DoD 8570.01-M, National Security Agency (NSA) and the Committee on National Security Systems (CNSS). EC-Council also operates EC-Council University and the global series of Hacker Halted security conferences. The global organization is headquartered in Albuquerque, New Mexico.
6330 Riverside Plaza Ln NW
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Tag Words: apple products, cyber fraud, cybercrime, information security, cybercriminals, apple stores, credit card fraud, identity theft, security, magnetic strip