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Stolen Credit Card's Money Being Used For Good Cause

This Article Is Sponored By You! | Monday, July 9, 2007 by Salman Siddiqui | Comments
I am now blogging on my self hosted blog CompuWorld and started another blog of mine the Senorita


Symantec Security Blog points out to a completely rare trend being followed by people who use stolen credit cards to make payments. Such fraudsters find it difficult to verify if there stolen card is actually worth making any payments or not. Using credit cards in public outlets could easily raise eyebrows with the police pinching them down.

To overcome this carders are donating money to charity, even to the famous ones like Red Cross. This easily helps them determine if the stolen credit card is usable or not. There are likely a number of reasons that this method may be becoming more popular. For instance, bank behavior monitors may be less likely to pick up on donations to charities. Legitimate charitable donations are not daily transactions for anyone with a credit card, and so it would be difficult to determine if they are out of the norm. As such, it wouldn’t be too surprising to see this trend grow. I guess the one thing to note here though is that at least some of the stolen money is going to a good cause.

NOTE: I would like to inform my readers that they should give up the myth that its always the hackers who use could use the stolen credit cards. The bank, whom you trust a lot, has employees who could easily pass out your credit card information to anyone without you knowing about it. So to be on the safer side try not to trust just any other bank. One should do little security checks as the bank manager does while hiring its 'incompetent' employees.

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  1. Blogger sherry Says:

    the way things seem to work out... =S

  2. Anonymous CreditHolder Says:

    Your post is useful and I'd like to know how exactly can I define if the bank is safe or not?

  3. Blogger Salman Siddiqui Says:

    The only way to know if a "bank" is safe or not is to know its history.

    Or may be arranging small chats with the bank branch manager. But that also might not help that much.

    Banks are big organizations and to learn anything "negative" about there security setup is indeed a tough task. History might be the only way to know something about its performance.

    Better suggestion could be never to join NEW banks!

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