This is amazing. Hardware that detects when a PC has used a stolen credit card? Who’d a thought?
In the old west, card cheats got shot. Today, an Oregon company stops them by effectively taking away their computers.
Iovation has devised a service that identifies PCs that have been used to make purchases or wagers on a given site with stolen credit cards. These PCs are then blackballed from the site permanently or put on a watch list.
Identified fraudsters can change their name and password as much as they like, says company chief executive Greg Pierson: As long as they continue to use the same machine, they can’t get back onto the Iovation-protected site.
A blackballed PC will likely get similar treatment from other Iovation users, Pierson said. “The fellow subscribers know you are on a warning list.”
To date, most of the company’s customers have been card game sites. Online poker has become a popular way to launder money from stolen credit cards, he said. A fraudster creates a poker account in the name of a credit card owner. With that account, he plays against several other players he’s also controlling. The aliases inevitably win… Source: ZDNet