Category Archives: Digital Life

USA – Southside police help bust 4-state debit card skimming operation

By | May 2, 2017

SOUTHSIDE, Ala. (WIAT) — A four-state debit card skimming operation that victimized 300 individuals and seven banks was exposed after Southside police alerted the Alabama Attorney General’s Office regarding a possible gas pump skimmer. -Alabama Attorney General Steven T. Marshall, Southside Chief of Police Chris Jones, Etowah County District Attorney Jody Willoughby and U.S. Secret Service Special Agent… Read More »

Card fraud increases in South Africa by 13 percent

By | April 26, 2017

JOHANNESBURG, April 25 (Xinhua) — South African banking industry released statistics on Tuesday which show that overall card fraud increased by 13 percent in 2016 as compared to the previous year. The statistics were released by the South African Banking Risk Information Centre (SABRIC) on behalf on the banking industry in Johannesburg. According to the statistics, South African… Read More »

USA – Your new EMV credit card still has a stripe, and you are still at risk of skimming

By | April 23, 2017

BY NEAL CUSTER My card has a chip, so how did I get skimmed? In past columns, we discussed the adoption of the credit/debit card EMV system (known as “the chip” to everybody outside Europe) and the subsequent implications for consumer fraud protection. With very little fanfare, at the beginning of the year nearly every cardholder received a… Read More »

How To Protect Yourself From Scams

By | April 21, 2017

PORTLAND (Sun Journal) — Don’t use a debit card. “They’re the worst financial tool ever given to American consumers,” said fraud expert Frank Abagnale, who visited Maine on Thursday to help people protect themselves from fraud.   And if you don’t know who’s calling, don’t answer the phone, said Maine Attorney General Janet Mills. The two appeared on… Read More »

If You’ve Stayed at a Holiday Inn You May Have Lost More Than a Good Night’s Sleep (Like Maybe Your Bank Card)

By | April 19, 2017

In February, Intercontinental Hotels Group alerted customers that some of its US locations had been infected with credit-card-stealing malware. Now it has admitted the cyber-outbreak is much worse than first thought. IHG, which owns brands like Holiday Inn and Crown Plaza, has warned that around 1,200 of its hotels across the US and Puerto Rico have been hit… Read More »

Visa and American Express to Strengthen Security for Stolen Contactless cards

By | April 12, 2017

Visa is to bring all of its contactless transactions online this year across 10 European countries to give consumers “more control over their accounts” following calls from the UK’s Financial Conduct Authority (FCA) for banks to tighten the processes they undergo when a customer reports a stolen contactless card. American Express is also “reviewing options” to ensure those… Read More »

UAE Resident Alert: Beware of These Credit Card Frauds

By | April 5, 2017

There’s lot to learn from the experiences of these UAE residents being conned by fraud card transactions.  You are entitled to a ‘free’ credit card the moment you open a bank account. While using credit/debit cards make your life easy as you don’t have to carry cash anymore, it might come as a shock to receive a message… Read More »

UK – FCA Assesses Contactless Card Fraud Risk

By | April 3, 2017

The chairman of the Financial Conduct Authority (FCA) has written to the treasury select committee, outlining the extent of contactless card fraud in the UK and the options available to tackle it. John Griffith-Jones, who is chairman of the Payment Systems Regulator as well as the FCA, wrote to Andrew Tyrie MP, chairman of the treasury committee, to… Read More »

How Card Savvy Are You?

By | April 3, 2017

Stolen-card, counterfeit-card and card-not-present (CNP) fraud are the three most prevalent types of fraud used to defraud customers. African Bank’s Sales and Marketing Executive, Alfred Ramosedi, said criminals are getting more and more sophisticated in their fraud scams but the three modus operandi listed above are still the most prevalent and consumers should familiarise themselves with these scams… Read More »

How to Protect Yourself when Using a Financial Card at the ATM

By | January 30, 2017

Let’s face the reality, we like it or not, most of us do have one or more financial cards in our wallets. You might call them Credit Card, Debit Card, Cash Card, Visa Card, MasterCard Card, American Express Card, Cirrus Card, Cheque Card, Carte Bancaire, CB, Revolving, Bancomat, EC-Karte, Girocard, Eurocheque-Karte, GeldKarte, Carte Bleue, MIR Card, RuPay Card,… Read More »

Password Log Books: No Business Ethics or Lack of Security Education?

By | January 27, 2017

Last week I was visiting the stationery department of a bookstore chain and while looking for a Birthday Card a small booklet with a red faux leather cover caught my attention. On the booklet was impressed LOGINS & PASSWORDS in uppercase gold characters. I took the booklet from the shelf and opened it to better understand what it was.… Read More »