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Hackers linked to Chinese fraudsters are targeting online shoppers to steal credit card information, likely making off with about $50 million from victims in the United States and Western Europe who order premium shoes at discount prices on fraudulent deal websites.
The criminal group, dubbed BogusBazaar, has processed more than 1 million orders since its inception three years ago, said Security Research Labs. The loss is only an estimate: Hackers may not obtain every payment card number, and the total does not take into account secondary damages caused by fraudulent use of stolen credit card details.
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