June 2010 Archives

The weakest link (again)

28 June 2010 - 08:11 AM | Permalink

The FTC has disrupted a long-running scam that stole millions from US consumers, a few pennies at a time. The scam worked by submitting small charges - usually less than $10 - to credit cards whose numbers were known, and then processing the charges through bogus companies. 94% of the fake charges were never challenged by the cardholders.

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