Newspaper Seller Develops Algorithm to Figure Out Credit Card Security Codes

A middle-aged newspaper salesman in Buenos Aires, Argentina, was recently arrested for “hacking” dozens of credit cards and using them to make small purchases.

When crime-fighting authorities in Argentina received a complaint about hundreds of unauthorized purchases, they were sure they were dealing with an organized hacking group. However, all leads pointed to the house of a 56-year-old newspaper salesman in the Buenos Aires town of Villa Madero. Judging by the scale of the security breach, it seemed unlikely that one person, let alone one that operated a newspaper stand, could have pulled it off. And yet, upon searching the man’s house, they found a small notebook containing a hand-written algorithm that had apparently allowed him to figure out the CVC (Card Verification Code) of his victims.

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