How I discovered the underground world of credit card network exploitation

With Stolen Cards, Fraudsters Shop to Drop – Krebs on Security

A time-honored method of extracting cash from stolen credit cards involves “reshipping” scams, which manage the purchase, reshipment and resale of carded consumer goods from America to Eastern Europe — primarily Russia. A new study suggests that some 1.6 million credit and debit cards are used to commit at least $1.8 billion in reshipping fraud each year, and identifies some choke points for disrupting this lucrative money laundering activity.

Politically Connected Crypto Project Pursued Resort With Alleged Scam Syndicate Figures

AB is a little-known blockchain network that recently partnered with the Trump family’s crypto firm. But one of the projects it has promoted — a proposed crypto technology resort in Southeast Asia — involved people sanctioned by the U.S. last year for ties to the Prince Group, an alleged multibillion-dollar fraud...

Stripe unveils AI foundation model for payments, reveals ‘deeper partnership’ with Nvidia | TechCrunch

Fintech giant Stripe announced Wednesday a slew of new product launches at its annual Stripe Sessions user event. The highlights include a new AI

Japan data leaks: Which poses greatest risk, licenses, credit cards or My Number cards?

TOKYO -- Leaks of personal information held by companies and other organizations have surged due to unauthorized access. The compromised data ranges f

What Working At Stripe Has Been Like | Kalzumeus Software

Dark Code

A few months ago, a founder I know had a data leak that took his security team four days to understand.

See No Evil

An investigation into how software wires global supply chains, and what code conceals.

‘Doom Loop’: OpenAI and Microsoft Admits LLMs Are Destroying the Web and Built on Theft

"Millions of people around the world will soon consider large models ‘hoovering up’ all their work to be an astonishing theft of unprecedented proportions."

Is Existential Risk Securities Fraud?

Also agentic bank runs, 351 ETFs and abandoned Nvidia options.

The $11 Billion Marketplace Enabling the Crypto Scam Economy

Deepfake scam services. Victim data. Electrified shackles for human trafficking. Crypto tracing firm Elliptic found all were available for sale on an online marketplace linked to Cambodia’s ruling family.

Stripe’s Acquisition of Bridge is a Stroke of Genius

controlled by banks, b2b payments account for $120 trillion yearly — compared to stripe’s $1 trillion

ChatGPT brings UPI full circle to credit cards and wallets

AI is forcing India to “innovate” its way back to the past

Responsible disclosure in the era of cryptocurrencies

My experience disclosing a critical Bitcoin Cash vulnerability

NDAs for Startups: A Guide for Founders | Stripe

Here’s a guide to NDAs for startups—from why your startup might need an NDA to what happens if one is breached.

Time to Act: A Field Experiment on Overdraft Alerts

Despite the growth of digital banking and the rapidly expanding offering of money management applications, a substantial proportion of banking customers still i

Precautionary borrowing and the credit card debt puzzle