Stealing Credit Card Information off Phone Lines

Here's a sophisticated credit card fraud ring that intercepted credit card authorization calls in Phuket, Thailand.

The fraudsters loaded this data onto MP3 players, which they sent to accomplices in neighbouring Malaysia. Cloned credit cards were manufactured in Malaysia and sent back to Thailand, where they were used to fraudulently purchase goods and services.

It's 2006 and those merchant terminals still don't encrypt their communications?