Fergie's Tech Blog

The Internet's 'Not-So-Secret' Economy of Crime

A Fortune Magazine article by David Kirkpatrick, via CNN/Money, reports that:

Raze Software offers a product called CC2Bank 1.3, available in freeware form - if you like it, please pay for it. Raze's attractively designed Web site, registered in Belarus, may suggest a shaky command of English -"I shall pleased any estimation in respect of my programs and this page," it reads - but it displays the classic characteristics of web commerce, like visitor statistics, advertising, and links to Web sites of partners.

But CC2Bank's purpose is the management of stolen credit cards. Release 1.3 enables you to type in any credit card number and learn the type of card, name of the issuing bank, the bank's phone number and the country where the card was issued, among other info.

The ad on Raze's site, in Russian, leads to another Belarus address that appears to be a market for stolen products.

posted by Fergie @ 5/12/2006 06:35:00 AM