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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. The case was prosecuted by Homeland Security Investigations, along with agents of the U.S.

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FBI Arrests Fugitive Wanted for $200M in Credit Card Fraud

PYMNTS

After nearly four years of evading authorities, a fugitive implicated in one of the Justice Department’s largest credit card fraud schemes gave himself up. The group allegedly cost banks and other businesses more than $200 million in fraud losses. He is scheduled to appear before a Newark court to face charges next week.

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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

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MGM Resorts Admits To 2019 Hack

PYMNTS

The hotel said the data breach didn’t involve any password, financial or payment card information, and that all the guests who were affected were notified of the incident. The resort said it had upgraded its security to make sure a data breach like this one never happens again.

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Ukrainian Man Sentenced For 41 Months For Hacking Scam

PYMNTS

According to a report by Reuters , Sergey Vovnenko, who went by the aliases “Flycracker” and “Darklife,” was sentenced for taking over more than 13,000 computers to get his hands on logins and credit card information. He also stole debit and credit card numbers.

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ESET Finds Malware That Could Target Power Supplies

PYMNTS

The recent attack on the Ukrainian power grid should serve as a wake-up call for all those responsible for the security of critical systems around the world,” warns ESET Senior Malware Researcher Anton Cherepanov in the release. Vovnenko was also told to pay restitution of $83,368.

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Trulioo On Tweaking The Odds In Favor Of Online Sports Betting

PYMNTS

Will Tom Brady turn in his jersey after the game for an AARP card and hit the celebrity golf circuit? New Jersey was the ringleader of the effort, though it did enlist support from 17 other states and three additional state governors. It all comes down to security, authentication and fraud prevention.

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