Credit Business

It seems that on a monthly basis now, a new (and often the largest) multi-national credit card ring is brought to its knees. This week, however, the latest one to be discovered blows the others out of the water.

For more than a decade, a credit card ring that used progressively technological tactics to acquire data, found its way into some of the biggest businesses and payment processors in the world.

The end result was a credit card ring that managed to steal more than 160 million different credit card numbers and defraud consumers of at least hundreds of millions of dollars