38 Phishers in US and Romania Charged with Computer Fraud Involving International Organized Crime
The Romanian “suppliers” collected the victims’ information and sent the data to U.S.-based “cashiers” via Internet “chat” messages. The domestic cashiers used hardware called encoders to record the fraudulently obtained information onto the magnetic strips on the back of credit and debit cards, and similar cards such as hotel keys. Cashiers then directed “runners” to test the fraudulent cards by checking balances or withdrawing small amounts of money at ATMs. The cards that were successfully tested, known as “cashable” cards, were used to withdraw money from ATMs or point of sale terminals that the cashiers had determined permitted the highest withdrawal limits.