We provide insights into the underground economy behind reshipping scams, such as the relationships among the various actors involved, the market size of this kind of scam, and the associated operational churn. In this paper, we report on the first large-scale analysis of reshipping scams, based on information that we obtained from multiple reshipping scam websites. Due to the intricacies of this kind of scam, it is exceedingly difficult to trace, stop, and return shipments, which is why reshipping scams have become a common means for miscreants to turn stolen credit cards into cash. Once the goods reach the cybercriminals, they are then resold on the black market for an illicit profit. This person, who has been recruited by the scammer under the guise of "work-from-home" opportunities, then forwards the received products to the cybercriminals, most of whom are located overseas. In such scams, cybercriminals purchase high-value or highly-demanded products from online merchants using stolen payment instruments, and then ship the items to a credulous citizen. One monetization scheme that has been steadily gaining traction are reshipping scams. As such, cybercriminals have had to devise more advanced monetization schemes to work around the current restrictions. Despite the many and creative ways that attackers use to steal and trade credit card information, the stolen information can rarely be used to withdraw money directly, due to protection mechanisms such as PINs and cash advance limits. Both online and brick-and-mortar outfits repeatedly fall victim to cybercriminals who siphon off credit card information in bulk. Credit card fraud has seen rampant increase in the past years, as customers use credit cards and similar financial instruments frequently.
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