Great Circle Associates Firewalls
(August 1997)
 

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Subject: Re: credit card fraud
From: Nick Keenan <nbk @ gsionline . com>
Date: Fri, 29 Aug 1997 09:32:20 -0400
To: firewalls @ GreatCircle . COM
In-reply-to: <1 . 5 . 4 . 32 . 19970829042950 . 00a39270 @ dynamite . com . au>

What I find interesting about this case was that he "intended" to sell the
credit card numbers -- he had not been successful.  Despite the widespread
fear, I don't see the numbers themselves being terribly valuable.  Think of
how many people you give your credit card number to without thinking --
cashiers, waiters, order-takers, etc.  How often do you read about a
cashier who spends a year collecting credit card numbers and then
absconding to Rio?  Never.

Note that his press release (like most) was put out by a company with a
product to sell.  CSI is trying to get you to shell out for their "Special
Report."  Like the FBI, they are engaging in fear-mongering to further
their own interests.

>>  Carlos Salgado, Jr. pleaded guilty on Monday to four of five counts in a 
>>federal indictment accusing him of hacking systems to gather credit card 
>>information which he intended to sell on the black market.  When Mr.
Salgado 
>>was arrested, he had in his possession an encrypted CD-ROM containing
roughly 
>>100,000 credit card numbers stolen from companies doing business over the 
>>Internet.  The Computer Security Institute has published the "CSI Special 
>>Report on the Salgado Case" which details the case and provides some
insights 
>>into the "dark side of electronic commerce."  [Computer Security Institute, 
>>Richard Power, editorial director, 415-905-2310, www.gocsi.com]




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