I looked at my Credit card statement, and noticed a fraudulent charge to what turned out to be the NY Department of State. This was especially odd to me, since I don’t live in NY (and so was obvious fraud), but I also couldn’t understand how a criminal could monetize this.
Some Googling reveals that other people have had the same form of fraud for over 4 years, as seen here. My limited understanding of credit card fraud is that it normally involves purchasing a physical product, and then selling, or just using that product.
This form of monetizing fraud seems different, since presumably there’s no physical product you’re ordering from the NY Department of State. How does this work? How would someone make a charge of over $200 to the New York Department of State and profit in some way from that?