Tuesday, June 21, 2005

iaaca

this morning's new york times has a story about the business of selling stolen credit card numbers over the internet:
"Want drive fast cars?" asks an advertisement, in broken English, atop the Web site iaaca.com. "Want live in premium hotels? Want own beautiful girls? It's possible with dumps from Zo0mer." A "dump," in the blunt vernacular of a relentlessly flourishing online black market, is a credit card number. And what Zo0mer is peddling is stolen account information - name, billing address, phone - for Gold Visa cards and MasterCards at $100 apiece.
"iaaca" apparently stands for "International Association for the Advancement of Criminal Activity."

so here's the question: if you're in the market to buy a stolen credit card, would you actually give the iaaca your credit card number over the internet to purchase the stolen card?

(alright, so the article does mention that the transactions are done in "WMZ's, electronic monetary units equivalent to American dollars and issued by WebMoney Transfer, a company based in Moscow." but at some point, you're paying real money to get the WMZs. they money might not be paid directly to the iaaca, but why should i trust WebMoneyTransfer?)