Lusthaus: LA Street Gangs Converted Prostitution Networks into Credit Card Fraud Schemes
Jonathan Lusthaus · a16z Podcast | The Business of Cybercrime · Feb 26, 2019 · at 20:51
Author Jonathan Lusthaus describes research cases on the a16z Podcast showing how non-technical street gangs integrated into online cybercrime ecosystems.
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“One of the most interesting ones I think I encountered was examples of street gangs in LA who basically were traditionally running prostitution operations, but what they would do was from time to time convert these operations into a cashing out scheme. So they would call the leader of this the fraud pimp, and the fraud pimp basically would send out the women instead of turning tricks, Would send them out with some credit cards that they'd bought the data online in a marketplace of one kind or another. They then sort of manufactured counterfeit credit cards and then given it to these women to go and make purchases with these cards.”
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