One Hacker_s Audacious Plan to Rule the Black Market in Stolen Credit Cards

I pointed to this story on Christmas Eve, using my Twitter account, but I imagine that many of my readers don’t follow my Twitter posts (link here). Just FYI, I use my Twitter account to point to miscellaneous credit stories that, for whatever reason, don’t make it onto CreditMattersBlog.com. Anyhow, getting to the story at hand, Wired wrote a nice story about a hacker’s attempt to rule the market in stolen cards. The story, and the video (provided below), reminded me of how vulnerable the card issuers are to fraud. After watching the video, meanwhile, I also realized how silly it can be for retailers to ask for identification at the point of sale. Watch the video first and then read the Wired story afterward (link to story below).