Emerald Business Systems Blog

Credit Card Skimming Survey: What’s Your Magstripe Worth?

Posted in PCI,POS,Restaurant by ebs4pos on October 3, 2009

Ever wonder how much the data on the back of your credit card is worth to a corrupt food service worker? The answer, it turns out, depends on which restaurants you frequent in Florida.

For some reason, the Sunshine State is a hotbed of federal prosecutions for “skimming”, in which a retail or service worker with a criminal bent swipes your credit card through a pocket-sized magstripe reader when you’re not looking — capturing your name, card number, expiration date and other information.

In the online black market, wholesalers peddle this data to credit card counterfeiters for as much as $50 for a corporate Visa or Mastercard. (Asian and European cards go for even more.) But how much does the poor food service worker get for putting his job on the line in the first place?

via Credit Card Skimming Survey: What’s Your Magstripe Worth? | Threat Level | Wired.com.


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