September 24, 2021

Filmtip: Credit Card Scammers on the Dark Web

Filmtip: Credit Card Scammers on the Dark Web

Fraudstorytelling | Weekly filmtips | 24 September 2021

Title: Credit Card Scammers on the Dark Web
Duration: 13 minutes
Year: 2018
Producer: VICE
Tagging: #financialfraud#internetindustry

Credit card fraud has been on the rise for about a decade. In 2016 alone, losses topped $24 billion worldwide, half of which affected cardholders in the US. With a virtually unlimited amount of money to be made scamming, some tech-savvy criminals have turned ripping off credit card numbers into a full-time gig. VICE met up with a scammer for an inside look at the shady underground profession. He walked us through the process, showing us how he buys stolen accounts on the dark web, prints pilfered numbers on blank cards, and buys thousands of dollars worth of goods with stolen money. He also explained why he got into the game in the first place—and what it would take for him to get out.

Paying with a credit card. It is easy, fast, universal and very prone to fraud. Abuse lurks in world where the virtual money flows and this short documentary from VICE shows how a scammer gets to work with great skill to mislead the ignorant customer.

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