The Underground Ecosystem of Credit Card Frauds

Explore the intricate world of credit card fraud in this 54-minute Black Hat conference talk. Delve into the aftermath of Point of Sale (POS) malware attacks and uncover the three-step ecosystem of cybercrime: purchasing raw details and dumps, converting them to plastic cash/cards, and the subsequent shopping sprees. Gain exclusive insights into privileged forums, internal details of buyers and sellers, personal chats, and IRC encounters. Understand the complete fraud ecosystem to effectively combat its roots, going beyond discussions of POS malware and major breaches to examine the rarely discussed consequences of stolen credit card information.