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Credit Card Fraud Schemes

Credit Card Fraud Schemes. Doug Nass ARC Supervisor, Fraud Analysis dnass@arccorp.com. “Frauds by Travel Agents” (Invalid Cards, Manual Approval Codes) vs. “Frauds against Travel Agents” (Compromised Cards).

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Credit Card Fraud Schemes

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  1. Credit Card Fraud Schemes Doug Nass ARC Supervisor, Fraud Analysis dnass@arccorp.com

  2. “Frauds by Travel Agents” (Invalid Cards, Manual Approval Codes) vs. “Frauds against Travel Agents” (Compromised Cards) ARC will take certain actions based upon which category the cc fraud falls within.

  3. Current CC Fraud cases: Accra Pipeline CC Flyer Corporate Booking Tools ShopStyle Peri X

  4. Accra Pipeline Task Force: Diplomatic Security Service US Secret Service Metropolitan Washington Airports Authority PD (MWAA PD) Customs & Border Protection July 2009 – Present Characteristics: Compromised credit cards MagicJack as means to call travel agents ACC-US (primary entry points are JFK, IAD, and ATL) ACC-China ACC-JNB

  5. BIN 4485** belongs to U.S. Bank, not Barclays Bank

  6. Hilarious ID

  7. Accra Pipeline: Sweet Success!! Ademola Adegoke.....convicted!

  8. Ademola’s new residence till 2017!

  9. Accra Pipeline: Elusive quarry Larry “X” aliases John Terry, David Terry, Lee Graham, David Robert, James Graham, David Graham, Dr. David Lee, Dr. Lover Lee, David Palmer, Dr. John, Dr. Robert Wayer, Rev. John, Rev. John Brown, Robert Graham, John Graham, Robert Lee, David Robison

  10. Accra Pipeline: The girl w/ 9 lives Original name Rachel X..........then changed to Catherine Y to pose as the daughter of a green card lottery winner...then changed to Rachel Z when she came to the US. Love that Facebook!!!

  11. Accra Pipeline: Next target! Alexander “X”

  12. Corporate Booking Tools Obtains proper sign-in and password through unknown means. University sites also affected Builds an “employee” profile with basic info. Sometimes calls are made to agencies. West Africa travel as origin & destination.

  13. CC Flyer Typical scenario: Caller requests a ticket for immediate travel due to some family emergency. Caller claims to live in general area of the travel agency. Losses: More than 500 tickets worth over $2 million. 1 cc used at 9 different agencies in a 3 week period this year. US Secret Service opened an investigation in 2008, but it failed to go anywhere. Challenge: Most agencies suffer only a small $ loss and law enforcement do not view it as worth their time to investigate.

  14. ShopStyle Kansas City A $20 million dollar fraud...and it all started with the arrest of a shoplifter! 5 year investigation by the US Attorneys Office, US Postal Inspectors, US Secret Service, and Overland Park PD 39 individuals prosecuted as “blackmarket” travel agents Charges: Conspiracy Access Device Fraud (credit card fraud) Aggravated ID Theft (mandatory 2 yrs in prison!)

  15. Peri X An airline advised in December 2009 that numerous high-dollar ($6k-$12k) chargebacks had been received from an agency in Los Angeles. Specializes in international, 1st & Biz class travelers. Intentionally validates many of these tickets on smaller, foreign-flag carriers Case presented to the US Secret Service in Los Angeles in July 2010. Investigation phase coming to a conclusion soon (I hope...) ARC identified 7 agencies that suffered $700,000 in losses between 2006 and 2010. End result: Peri knows he’s being investigated by USSS. He has basically been driven from the US agency market as an outside agent.

  16. ARC actions: Efforts to educate agents (dispel the Auth Code Myth): Agent forums Webinars Referral to arc website for the CC Red Flags Offer ARC Sentry to agents and carriers Offer City Pairs analysis to carriers ARC role in investigations: Will act in a liaison capacity with law enforcement Testify in court if requested by prosecution. Request for carrier action: Alert ARC of your problems. Don’t suffer alone!

  17. Questions?? Thank You!

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