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Dmitriy Smilianets Pleads Not Guilty in 160 Million Stolen Credit Cards Case

New Jersey – On Monday 12 August, Dmitriy Smilianets entered a plea of “not-guilty” in the case of “the largest data breach schemes ever uncovered in the United States” Smilianets has been held in custody in the Netherlands for over a year before he was extradited. His attorney told Reuters that he would challenge the charges and was looking into “possible irregularities” in the circumstances of his arrest. This points towards the possibility that the 29-year-old will seek to challenge

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What is Card Not Present Fraud, a form of Credit Card Fraud?

Card Not Present fraud is any transaction; online, by telephone and mail order, where the card and cardholder are not present and easily verified. This is a well known but hard to detect fraud. Online buying is part of everyday life – credit card companies can no longer simply look at spending habits alone. Face to face transactions are quickly giving way to the seemingly anonymous online, the online retailer is likely based out of the state, province or country,

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Stolen Credit Cards Just the Beginning of a Costly Cycle for eCommerce Merchants

On July 26th, a 5 man Eastern European credit card hacking ring was caught and broken. The defendants were discovered with over 160 million credit card and debit card numbers.  Although this is the largest bust in US history, the proliferation of this type of crime is growing and understanding the tools that these criminals use once the card numbers are exposed is critical to curb the financial damage once the card has been breached. Just as eCommerce merchants and

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