They claim that 'Verified by Visa' doesn't mean a site is secure

Dec 1, 2011 13:47 GMT  ·  By

After many voices in the media claimed that their operations wouldn’t work because the banks they targeted would initiate chargebacks to recover the money fraudulently taken from them, the hacker groups behind Operation Robin Hood came forward with a statement.

They claim that they’re highly aware of the fact that there will be chargebacks, but they expect them to be “minimal.” Also, since many were wondering to which charities they will donate the loot, they wanted to clarify this aspect of the operation.

“Now which Charities/Shelters do we plan on donating this money to? Of course the ones that keep 15% for themselves and are un-honest. Do you really think we'd do this to ones who are non profit? Not at all,” reads their statement.

When it comes to the credit cards they will steal, they state that they’re not targeting debit cards and nothing below the level of BoFA, CitiBank or Chase cards.

“Does this mean we target Classic Cards? No. Other banks? No. We have no intentions of even selling the data we have unlike others who would have profit intentions of using it to make BANK (MILLIONS) in for themselves. We are only doing under $1,000 at a time which helps quite a lot of people in that area. You banks: Need to stop whining and start to up your security.”

Finally, they warn people that no matter how many promises they make, e-commerce websites are very vulnerable. They claim that even the Verified by Visa certification can be easily bypassed, many “foreigners” selling information on how to do that for only a couple of dollars.

“We have intentions for the Corporations. And I know you won't do this: Give yourselves up, sell your companies to the Credit Unions and never show your businesses in the United States ever again,” their statement concludes.