SWAT Reshipping Service Exposed: Facilitating Stolen Card Fraud
SWAT, a notorious reshipping service, has been exposed following a recent hack. The Russia-based operation, active for nearly a decade, has been facilitating the shipment of high-value goods bought with Experian-compromised credit cards to embargoed areas. Over 1,200 people in the US, many unwitting, have been involved.
SWAT takes a significant cut, up to 50 percent, from 'stuffers' who purchase goods using stolen credit card details. These items are then sent to 'drops' for reshipment to restricted regions. A 2015 study estimated that around 1.6 million cards are used annually in such fraud, totaling $1.8 billion.
Kareem, a Maryland resident, shared his experience as an unwitting drop. He expected payment for reshipping iPads and Apple Card devices but was likely unaware of the illegal activity. SWAT operates under various names and employs over 1,200 people in the US, some knowingly involved.
The hack revealed SWAT's custom login panel, used by over four dozen related websites. The breach exposed the group's monthly earnings, with co-owners 'Fearlless' and his partner each making over $100,000. Fearlless complained about a rival service trying to poach stuffers and reshippers after hacking SWAT.
SWAT's exposure sheds light on the extensive network of reshipping services facilitating fraud involving stolen credit card numbers. The hack has revealed the inner workings and financials of this criminal operation, potentially disrupting its activities and those of similar services. Law enforcement is likely to investigate further.
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