The latest credit card scam to come to light isn't one that you would expect. I bet you were thinking that another retail chain had been hit.
I'll give you a hint: It has something to do with car washes and "cleaning."
In the newest scam to be uncovered, credit card numbers have been stolen from dozens of car washes across the country. But the criminals who were caught didn't have the original cards on them. Instead, this is a case of card/money laundering.
This slick scheme was uncovered when police in Massachusetts arrested a man in possession of nine stolen credit cards.
Criminals were taking advantage of the outdated Point of Sale (PoS) systems in several car washes around the country. The credit card numbers stolen at the car washes would be sold to criminals who would take them to a local Family Dollar store, where the credit cards would be swiped until one worked.
When the crooks found a working credit card number, they would purchase $500 worth of gift cards through Family Dollar, like Visa and MasterCard. The crooks could then walk away and ditch the stolen credit numbers when the limit ran out, because they had legitimate money on the gift cards.
Car washes across the country had been exploited as far back as February of 2014. But how were these criminals able to get a hold of the credit card numbers?