A former credit card thief has confessed online that the crime, which rakes in more than $500m a year in the US, is "ridiculously easy" to commit.
Using stolen numbers that cost $10 to $50 apiece, Dan DeFelippi manufactured genuine-looking credit cards from blanks, programming their magnetic stripes, and used them to buy hundreds of thousands of dollars worth of merchandise at stores, which he then sold online.
He was part of a loose network of crooks who, according to recent research by leading ID theft surveyors Javelin Strategy, account for around 4.5 million credit card fraud victims in the US alone every year.
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