Hardly a week goes by when I don’t hear from a reader wondering about the origins of a bogus credit card charge for $49.95 or some similar amount for a product they never ordered. As this post will explain, such charges appear to be the result of crooks trying to game various online affiliate programs by using stolen credit cards.
Over the holidays, I heard from a number of readers who were seeing strange, unauthorized charges showing up on their credit and debit cards for $9.84. Many wondered whether this was the result of the Target breach; I suppose I asked for this, having repeatedly advised readers to keep a close eye on their bank statements for bogus transactions. It’s still not clear how consumers’ cards are being stolen here, but the fraud appears to stem from an elaborate network of affiliate schemes that stretch from Cyprus to India and the United Kingdom.