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Global Ramifications of Banking Security Mr. Tom Patterson MagTek VIP Breakout BAI Retail Delivery Expo 4 November, 2009 Boston, MA Dr. Chris Corpora.

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Presentation on theme: "Global Ramifications of Banking Security Mr. Tom Patterson MagTek VIP Breakout BAI Retail Delivery Expo 4 November, 2009 Boston, MA Dr. Chris Corpora."— Presentation transcript:

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2 Global Ramifications of Banking Security Mr. Tom Patterson MagTek VIP Breakout BAI Retail Delivery Expo 4 November, 2009 Boston, MA Dr. Chris Corpora

3 Chris Corpora VP, Law Enforcement, Intelligence and Homeland Security, The MASY Group Senior Advisor: FBI,Directorate of Intelligence Author: Crime-Terror Nexus and Threats in the Age of Obama Adjunct Professor, GMU: National Security Decision Making Policy Tom Patterson Chief Security Officer: MagTek Inc. Author: Mapping Security Former CIP Advisor: FBI Domain, NCIX Former Director: National Security Grid

4 OFFICIAL CAVEAT The ideas and opinions in this presentation are solely those of the two speakers and in no way represent the official positions of the Federal Bureau of Investigation or the U.S. Government. All Stories, Examples, and Documents are UNCLASS or have been DECLASSIFIED.

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6 $4 Billion/Yr Loss

7 More than just money! Micro Switches 6 small batteries connected to micro switches Magnetic Read Head Transmitter Antenna

8 $20 on eBay and NOT ILLEGAL !

9 more than just money!

10 more than just money!

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13 Recent Victims victimless crime no harm needed the money for books, school, food, rent, etc

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15 LA Gang Employed waitresses at multiple restaurants Bloods 5,300; Drug, Rob, CC Latin Kings 1,900; Drug, Extort, Rob, CC Recent Examples

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17 FBIs Organized Crime Definition: A continuing criminal conspiracy... The public perception is that organized crime has gone away, and that is not at all true. -- FBI AD- NY Russians principal purveyors of credit card fraud-- U.N. Report -Just ahead of Chinese Yakuza ( & )

18 Russian Mafia (Русская мафия) Russian Business Network Western Express Cybercrime Group Theives in law (Vory v zakone) KGB & Spetsnaz The Big Store Online Auctions

19 have huge list for sale with full billing info including 3,585 with cvv codes for $10 each –50 minimum order heya. Im selling a bunch of ccs w/o cvv2 for 23 USD. List is over 200 ccs long. Every cc with full info. Cards: MasterCard, Visa, Discover Locations: mostly in US Hi all. I have access to hundreds maybe thousands of credit card numbers through an online travel agent I work for. Its very easy to copy as many numbers as I like. I never thought I would steal anything from them, but I have decided they are a bunch of and changed my mind. Actual Text of Cards offered for sale.

20 Buy Hack Combine Convert Sell Modus Operandi

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22 The Links Between Terrorists and Counterfeit Cards are Clear

23 In London, Tariq al-Daour bought 27,000 stolen credit card numbers, inc. addresses, birthdays, and limits.,$3.5 mil In North Africa, terrorist group bought 200 stolen cards to fund their branch of al-Qaida operatives. The Tamil Tigers funding leader had thousands of stolen counterfeit debit cards and pins, as well as a massive amount of cash and receipts. Al-Qaida operative ( Abdi) in Ohio, provided counterfeit credit cards to a cell planning to blow up a shopping mall in Columbus.

24 Al-Qaidas top cyber-terrorist, Younes Tsouli (aka Irhaby007), used stolen counterfeit cards to buy $3million of terrorist materials –Also, used some of these counterfeit cards to buy 180 web sites that broadcast the horrific execution of journalist Dan Pearl. –He is now awaiting his own execution.

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26 Iman Samudra, a captured terrorist, followed the Al-Qaida Terrorist Handbook, when it came to funding his terror.

27 …obtain credit card numbers and use them to fund the struggle… Captured Al Qaeda Terrorism Handbook:

28 …obtain credit card numbers and use them to fund the struggle…

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30 Global Ramifications of Banking Security Counterfeit Card Fraud is REAL A Global Problem YOUR Security Actions Have Global Ramifications Organized Criminals & Terrorists Are Counting on YOUR Inaction Its Time for Bankers & Merchants Work Together to Wipe Out Card Fraud NOW For YOU, your COUNTRY, and WORLD Thank you.

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32 Thank You! BOOK SIGNING NEXT! Tom Patterson captures a compelling and practical view of security in a multinational environment. Your CSO needs to read this book!" Dr. Vint Cerf SVP, GOOGLE, & Founder of Internet Protocol (IP) As companies of all sizes go global in their search for profit and growth, they will need to understand how to use security as a tool for success in different markets, and Mapping Security shows them how. Dr. Craig Fields Fmr. Director, Advanced Research Projects Agency (ARPA) – U.S. Government "The power of the Internet is that it's a global network, seamlessly crossing borders. But it also brings security risks that can cross borders just as easily. Patterson … uses real-world examples and stories, many from his own career, and offers clear, action-oriented descriptions of the different threats and how to deal with them. This book avoids security jargon and speaks directly to business people around the globe." Chris Anderson Editor in Chief, Wired Magazine Security is not a destination, its a journey… I urge you to read this book. From the Forward, by Howard A. Schmidt fmr CSO of eBay and Microsoft Whether consumer or global giant, we all need to be spending a greater share of our budgets on security. Mapping Security offers business oriented and in-depth thinking on how and why to build security into the fabric of the organization. After reading Tom Patterson's book, you will want to make changes with a sense of urgency. John R Patrick President, former VP - Internet Technology at IBM Corporation

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