Mon, 16 Sep 2002
Massive Credit Card Fraud Suspected
MSNBC says that a massive credit card heist is suspected at a small e-commerce company.
'There wasn’t a system in place to say, "you’ve generated 140,000 charges, that’s more than your normal volume," Hynek said.'
Ouch. On the one hand, it'd be nice if the credit card company had a trigger that understood that 140,000 charges of the same amount over many cards was fraud. On the other hand, my sister-in-law tried to buy a computer online last week for about $1500 and the credit card company denied the charge because they thought it was fraud. The amount of time that it took to contact all involved parties meant that the computer was sold out by the time the credit approval was granted. She's not too happy.
Posted at: 00:03 | permalink
