Credit card fraud – are we doing enough to protect ourselves?
Thousands of British bank customers are at risk of fraud due to a website which offers a “one-stop shop” for anyone who wants to buy credit card details stolen by hackers.
Rescator.cc offers an eBay-style service for hacked financial data. In just half a dozen clicks anyone can purchase a stolen card for as little as £8. Rescator is not hidden in the “dark web”, but openly accessible and is easier to use than many online shops. Visitors simply specify their chosen country, pick a card type from Visa, Mastercard and American Express, and then choose a bank. It costs around £8 for a standard card, and around £12 for a gold card. Once added to a user’s basket, the cards are paid for using bitcoin, a virtual currency famed for its ability to hide the identity of purchasers.
Here is my question to the interim community: Are banks and credit card companies doing enough to protect our data and security? Have any of you had recent experience of working in this area?