[HN Gopher] Credit Card Fraud and an Algorithm
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Credit Card Fraud and an Algorithm
 
Author : ankaAr
Score  : 19 points
Date   : 2022-05-20 21:58 UTC (1 hours ago)
 
web link (www.lanacion.com.ar)
w3m dump (www.lanacion.com.ar)
 
| notwedtm wrote:
| From my understanding CVV/CVCs are a function of the PAN, expiry,
| and some DES encryption. Does this mean that the target bank had
| a weak DES key or was some other vulnerability discovered?
 
  | gus_massa wrote:
  | My guess is that he discovered a method to break the Luhn check
  | https://en.wikipedia.org/wiki/Luhn_algorithm that is not a
  | strong check. It's only useful to avoid typos. That's probably
  | enough to make the "send" button happy.
  | 
  | I guess he didn't discover how to break the secret code of the
  | card, and the transactions were flagged by the server
  | immediately. Some servers flag the card secretly, so credit
  | card thieves have more problems to validate the stolen cards.
  | 
  | The press article claims it was something impressive, but my
  | guess is that it's just a bad report by the police or by the
  | journalists.
 
  | dataflow wrote:
  | I don't think it's like that? At least in the US, you can have
  | literally the same card number, expiry, and name, with only the
  | CVC being different.
 
| ankaAr wrote:
| A newspaper vendor from Buenos Aires, Argentina,has been captured
| for credit card fraud with thousands of them.
| 
| News and police claimed that he developed an algorithm, to
| calculate, by hand, valid credit cards numbers and codes.
| 
| Ps: his last name is Falsetti, false.. etti
| 
| Edit: I don't know where is the URL, I will add that here (in
| Spanish).
| 
| https://www.lanacion.com.ar/seguridad/falsetti-el-estafador-...
 
  | gus_massa wrote:
  | Autotranslation: https://www-lanacion-com-
  | ar.translate.goog/seguridad/falsett...
  | 
  | I read it this morning and was very surprised. Is this just
  | some congruence modulo a big number? Is this check well known
  | and the police/newspaper is overhyping then discovery?
  | 
  | (If it's so secret and powerful, why are they publishing a
  | photo of the method?)
 
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(page generated 2022-05-20 23:00 UTC)