PURCHASE, New York – On the eve of a conference called to combat card fraud, MasterCard International announced that it shut down 1,400 Web sites that promote phishing and other forms of identity theft through its Operation STOP IT program. Phishing is an Internet based fraud scheme in which consumers are fooled into entering their private card information into Web sites that appear to be those of their card issuers but which are really created by the perpetrators of the fraud. The No. 2 card brand said that its effort also shut down 750 sites where illegally obtained credit card information was allegedly sold. MasterCard also said it was able to prevent the compromise of 35,000 card accounts which were at risk on the sites. MasterCard revealed the news about a week before the third annual Global Risk Management Symposium that the card brand hosts in Washington D.C. The Symposium draws about 300 executives from law enforcement, financial services and other related industry interested in stopping credit card fraud.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.