Revealed: How Credit Cards Are Plundered on the Net
Jonathan Richards reports for the Times from London on how credit card details are being sold in Internet chat rooms. According to Richards, "every day at least 400 credit card numbers, along with other personal information including three-digit security codes, PINs and dates of birth, are sold by the gangs."
Banks are planning to address the problem by issuing card numbers which are valid for single transactions only, meaning that if the number is subsequently stolen from a company database, the risk to the cardholder is substantially reduced.
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