How the Stolen Card Market Works

There were a couple of interesting reports on NPR today. Each covers much of the same ground, but they provide some interesting background for all of us in the card business.

Here are a couple of links:

How to Buy a Stolen Credit Card

The FBI Agent who Broke the Black Market

Also, here is a podcast from PlanetMoney with Keith Mularski (same guy) on dark market and the how credit cards get stolen and fenced.

The bad guys are out there. They go for credit cards because (of course) that's where the money is.