Tag Archives: Card Fraud

Ghana – Lack of a central identification card cause of high incidence of fraud – IT expert

By | October 17, 2017

Chief Technical Officer at Afriwave Telecom Ghana Limited Kwame Anokye has attributed the high incidence of fraud in the country to lack of a central identification system. He said our current national ID card systems are not harmonised and therefore cannot be verified when someone decides to cheat the system. “In Ghana our number one challenge is our… Read More »

Spanish authorities arrest members of global credit card fraud network

By | September 1, 2017

Six men were arrested across the country as part of an international crack down on a gang that stole millions of euro and operated in half a dozen countries. Spanish police have arrested six men in the cities of Zaragoza, Madrid and A Coruña in connection with a global credit card fraud scheme. The international crime racket defrauded thousands of… Read More »

India – Complaints of credit cards fraud flood cops in Hyderabad

By | September 1, 2017

HYDERABAD: Tens of customers of State Bank of India, are rushing to cyber crime police of tri-commissionerates in Hyderabad, to complain about fraudulent transactions done with their credit card  details in foreign countries. The cyber crime police of three commissionerates have received over 60 such complaints in the last two months, about fraudulent money being withdrawal from customers’ bank accounts. During investigation… Read More »

FICO Reports a 39 Percent Rise in Debit Cards Compromised at U.S. ATMs and Merchants

By | August 31, 2017

SAN JOSE, Calif., Aug. 31, 2017 /PRNewswire/ — Compromises of ATMs and point-of-sale (POS) devices in the US rose 21 percent in the first six months of 2017, compared to the same period in 2016. Compromised cards rose by 39 percent. Cardholders should employ common sense when using ATMs, and check their transactions frequently. FICO® Card Alert Service monitors hundreds of thousands of ATMs… Read More »

European Card Fraud for 19 Countries Hit Record €1.8B in 2016

By | June 29, 2017

Interactive map from FICO and Euromonitor International shows UK had highest card fraud losses in 19 countries surveyed LONDON, June 29, 2017 /PRNewswire/ — HIGHLIGHTS: Total card fraud losses for 19 European countries studied reached nearly €1.8 billion UK card fraud rose 9 percent in 2016, to £618 million Interactive online map from FICO and Euromonitor International compares… Read More »

Europol Organises Third Edition Of Training On Payment Card Fraud Forensics

By | June 29, 2017

From 26 to 30 June 2017, Europol organised the third edition of the Europol Training Course on Payment Card Fraud Forensics and Investigations at the Spanish National Police Academy in Ávila, Spain. In this edition, the training focused on the forensic examination of skimming devices, payment card and ATM malware forensics, as well as investigative techniques to target… Read More »

One arrest in Dublin in Europe-wide card fraud probe

By | June 24, 2017

Over 70 people were arrested across Europe One person was arrested and six homes in Dublin were searched by gardaí as part of a Europe-wide operation earlier this month targeting criminals involved in buying goods over the internet using stolen payment card details. In total, details of over 100 compromised US-issued payment cards were also recovered in Ireland during… Read More »

USA – In 24 minutes, thief runs up charges on credit card after robbery off St. Marys Road

By | June 21, 2017

Yet another court case illustrates a crucial safety tip to stave off credit card fraud. The advice is pretty obvious, but not everyone adheres to it. A suspect in Muscogee Superior Court faced charges Monday of robbing an insurance agent on Matilda Lane — just off St. Marys Road near Buena Vista Road — and using the agent’s… Read More »

USA – 1,000-plus card-fraud cases reported in 2016 in Midlands, why you could be next

By | June 18, 2017

Three men recently purchased $7,000 in liquor and wine at a Columbia store using credit cards that investigators say were cloned. The men on April 11 entered Sam’s Wine and Spirits on Killian Road, loaded up their carts and paid for their merchandise using credit cards that were cloned from someone else’s card and account information, according to… Read More »

UK contactless fraud increased by 150% in 2016

By | May 26, 2017

The amount of contactless payment fraud in the UK hit £7 million in 2016, up from £2.8 million in 2015. Contactless spending in the same period soared from £7.75 billion to £25.2 billion, according to research from Financial Fraud Action UK. Cards have a maximum spend of £30, but can be used at multiple terminals before the user… Read More »

USA – Educating the public about fraud awareness

By | May 17, 2017

  More than 40 individuals attended a fraud awareness seminar hosted by First National Bank of McAlester recently. The seminar was a free event educating the public on the importance of fraud awareness and prevention. The event was held on May 11 from 2 p.m. to 3 p.m. at Eastern Oklahoma State College’s McAlester campus with guest speaker… Read More »

Philippines – PNP-ACG nabs suspect in credit card fraud

By | May 11, 2017

MANILA, May 11 — Operatives of the Philippine National Police Anti-Cybercrime Group (PNP-ACG) have arrested a suspect involved in credit card fraud. The suspect was identified as Stephen Francid Lucena, a resident of Tomas Mapua Street, Sta. Cruz, Manila. PNP-ACG spokesman Supt. Jay Guillermo, in a press conference in Camp Crame, Quezon City on Thursday, said that Lucena… 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 »

India – Debit Card Fraud: Bulgarian National Arrested For Using Cloned Card at ATM

By | April 16, 2017

The cyber cell of the Mumbai police Saturday arrested a Bulgarian national for allegedly trying to use a cloned debit card to withdraw cash from an ATM in Juhu. The accused, who had come to the city on a tourist visa nearly a month back, was tracked down on the basis of CCTV footage. The police are now… Read More »

Spain – Huge Credit Card and Social Security Fraud Unravelled by National Police

By | April 2, 2017

OFFICERS of the National Police have arrested 73 people across Spain in connection with an internet travel agency which it is estimated obtained at least €1.5 million by use of fraudulent credit cards. A single bank reported the possible use of a forged credit card to the National Police and this led to an investigation which discovered that… Read More »

UK – Crackdown on Contactless Card Security Flaw Welcomed by MPs

By | March 30, 2017

Contactless card fraud may be going undetected because people may wrongly assume cancelled cards can no longer be used. Photograph: Barclaycard/PAThe City regulator has set out measures to tackle fraudulent payments on contactless cards which have been reported lost or stolen. In a letter to the Treasury select committee, published on Thursday, the Financial Conduct Authority (FCA) said… Read More »

ATMs Drive Debit Card Fraud To Record Heights

By | March 29, 2017

Fraud detection and prevention is no cottage industry. As debit and credit cards grow in the field, making inroads to consumers where they’d not been held before, so too has the opportunity grown for skimming and pilfering. And FICO has seen an alarming uptick and uptake in skimming and other practices designed to separate debit cardholders and their funds. In… Read More »

USA – 2 Indian-Americans Sentenced for Credit Card Fraud

By | March 28, 2017

Two Indian-American men were sentenced by a US court for a $200 million international credit card fraud, one of the largest-ever exposed by federal authorities, said officials. Vijay Verma and Tarsem Lal, both of Iselin, New Jersey, were sentenced to 14 months in prison and a year of house arrest, respectively, after previously pleading guilty to their roles… Read More »