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Detailed text transcripts for TV channel - MSNBC - 20110917:20:14:00

kind of like throwing tuna to the sharks. and we ll see what happens. all right. let s do it. reporter: we test the waters as clements, pretending to be a thief, offers to sell some of our bait cards. i m going to hit the stopwatch, and we re going to see how long it takes before somebody hits on it. reporter: the response is almost instantaneous. somebody saying, hey, bro. 12 seconds. reporter: at first the thieves appear to be feeling us out to see if we re for real. we have another one. nitro 81 just said howdy. 26 seconds. reporter: but it doesn t take long for the thieves to take the bait and start making purchases with our cards. they re hitting it. reporter: at the credit card monitoring center, the fraudulent charges are beginning to roll in. at first, they re small charges to make sure the card works. they checked it for a dollar. reporter: for a dollar? they re just probing to see if it will work? right. reporter: they even make a small d

Detailed text transcripts for TV channel - MSNBC - 20110917:20:15:00

american red cross donation site. reporter: once they re sure the card works, the thieves start making bigger purchases by the minute. there s been one authorization for $306.28. reporter: wow. they ve also hit it for $99.95. reporter: so it s a $1,000 credit line, they ve already eaten half of it up? yes. reporter: remember, we re watching internet thieves at work in realtime. imagine it s your card they re using, buying from all kinds of stores. another one just came in for $79.80 at evertech solutions. so there s two from there. how much time has gone by, chris? less than ten minutes. another charge just came in for $237.50 from my family/ancestries in utah. reporter: just under 11 minutes? yeah, they use the ancestry sites oftentimes to drill down for more personal information on consumers. reporter: yeah, mother s maiden name. mother s maiden name. to facilitate the crimes even further. reporter: so to continue the fraud? absolutely. yep.

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