The theft of information linked to 80 million South Korean credit cards, including salaries, monthly card usage, credit rating and card numbers, has sparked widespread public concern, as cardholders rush to bank branches and overload call centers and service websites to see if their information as stolen.
Payment card information stolen from a recent breach at Target stores has already begun appearing for sale on underweb marketplaces for between $20 and $100 per card.
$200 million-worth in automobiles, electronics and gold was purchased on some 25,000 fraudulent credit cards in an 18-person crime ring, prosecutors allege.
After a tip from police and a customer, restaurant manager reviews security video and determines an employee was using a skimming device on customer credit cards.
Security Officials from Target Stores Helped with Evidence
November 6, 2011
As skimming grows, the good news is that two men were arrested November 1 on charges of conspiring to produce, use, or traffic in one or more counterfeit devices, following a lengthy U.S. Secret Service investigation.