Credit Card Underworld

The book highlights the alarming reality that technological advancements designed to enhance security can inadvertently create new vulnerabilities exploitable by fraudsters. It also reveals how easy it is for criminals to obtain and monetize stolen card numbers.

The book details the evolution of payment systems and the techniques used to profit from stolen cards, such as online fraud and account takeovers. It investigates the sources of stolen data, the marketplaces where it's traded, and the methods used to monetize it.

The book argues that combating credit card fraud requires a multifaceted approach involving technological innovation, international cooperation, and a deeper understanding of the criminal networks involved. The book progresses from introducing key players and terminology to examining sources of stolen card data, exploring online marketplaces, and concluding with challenges faced by financial institutions and law enforcement.

By blending investigative reporting with academic rigor, Credit Card Underworld provides a unique perspective, offering actionable insights for financial industry professionals, law enforcement, and consumers alike.