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Costs of Credit Card Fraud and Brute-Force Codebreaking
[email protected] wrote:
>I think a lot of people miss the distinction between automated message
>cracking and dumpster diving. Dumpster diving is not free. It costs at
>least a dollar each to get credit card slips by dumpster diving.
>Consider that in order to use the information, you have to get the slip,
>pull off the numbers, enter them into a computer (or even worse yet,
>create a phoney card or make a phone call) in order to use the
>information. The break-even point for an automated cracking and usage
>system is more than a dollar per stolen card. My parallel processor
>is actually more cost effective for crimilar theft via credit card fraud.
Well, a few years ago I partially satisfied my phone-phreaking habit in
the following manner:
I would walk up to a busy intersection in a comercial area and stroll
through the various gas stations located there, collecting receipts
that careless customers had forgotten to take with them after using the
"pay-at-the-pump". Then I would visit the pay phones at the nearby
mini-malls. It sure didn't cost me a dollar a number.
The cost/value of a card number depends a lot on what you seek to gain.
If it's free phone calls, your costs are basically nil. If you want
free gas, it'll cost you $500 or so for the card reader/writer and a
few old cards. If you have a system for extracting thousands of dollars
from each card, economics of scale would probably justify the $10000
rc4-breaker. ...or you could just hack netcom, steal the mother lode
and be set for life... (Hi Kevin! drop me a line when you get out;
ya gotta love those plea-bargains - 30 year sentence reduced to 8