Tag Archives: fraud

Canada – Man charged in taxi debit card switching scheme

By | September 7, 2017

  A 44-year-old Scarborough man is facing more than 180 fraud charges in relation to a longstanding scheme that involved stealing taxi passenger’s debit cards. Toronto police fraud investigators allege that starting sometime in the fall of 2015, a taxi driver would steal a debit card from a passenger as they were paying their fare. Detectives say the… Read More »

Mobile Banking Apps Now Let You ‘Turn Off’ Debit Cards To Fight Fraud

By | May 9, 2017

More and more mobile banking apps are allowing users to remotely disable their debit and credit cards to combat fraud. This week, British banking giant Barclays joined those ranks when it debuted new security features for the Barclays mobile app, with around 5 million British users, including the ability to disable online purchases and reduce ATM withdrawal limits.… Read More »

Australia – Two arrested for $1.5 million ‘tap and pay’ fraud

By | May 2, 2017

Two men have been arrested for a $1.5 million fraud involving ‘tap and pay’ transactions across Sydney. Police raided homes at Greystanes, Rockdale, West Ryde, Bankstown and Ultimo, as well as a Camperdown storage facility, at 6am on Tuesday, May 2. Guns, replica pistols, prohibited drugs and fraudulent documents were seized. A West Ryde man, 22, and a Greystanes… Read More »

Russian Hacker Went From Poverty To Making Millions In Stolen Credit Cards. Now He’s Facing 27 Years In Prison

By | April 22, 2017

Born almost dirt-poor in Russia’s Far East, Roman Valerevich Seleznev still turned himself into a multi-millionaire by being one of the best in his field. That field, however, was stealing and selling credit card data. On Friday, in a Seattle federal courtroom, before a judge sentenced Seleznev to 27 years in prison, his attorney and prosecutors recounted his… Read More »

USA – Fugitive Pleads Guilty In $200 Million Credit Card Fraud Scam

By | April 18, 2017

TRENTON, N.J. – A New York man today admitted his role in one of the largest credit card fraud schemes ever charged by the Justice Department, Acting U.S. Attorney William E. Fitzpatrick announced. Habib Chaudhry, 49, of Valley Stream, New York, pleaded guilty before U.S. District Judge Anne E. Thompson in Trenton federal court to Count One of… Read More »

Shoney’s Might Be Latest Victim Of Credit Card Breach

By | April 17, 2017

Multiple sources in the financial industry have found a pattern of fraud on customer cards, with the latest victim of a breach looking to be Shoney’s, a 70-year-old restaurant chain that operates primarily in the southern United States. Krebson Security reports that the privately held restaurant chain includes approximately 150 company-owned and franchised locations in 17 states, from Maryland… 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 »

India – Dear Mumbaikar, Here’s Why You Should Not Reveal Card Details Over Phone

By | April 15, 2017

Mumbai: In yet another instance of cyber fraud in the city, a 52-year-old man from Ghatkopar was duped of nearly Rs 3 lakh by an unknown person. The accused withdrew the victim’s money from his bank account through online shopping, PayTm etc. The victim, Arun Kamble, a resident of Nalanda, Ghatkopar, received a phone call from an unknown… Read More »

Bank Card fraud on the Increase in Namibia

By | April 10, 2017

By Magreth Nunuhe WINDHOEK – The Bank of Namibia (BoN) has recorded a loss of approximately R13 million through debit, hybrid and credit cards due to fraud in 2016, while the number of incidents related to card fraud over the past two years increased by 46 percent from 2015 to 2016. Card fraud includes lost or stolen cards; forged… 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 »

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 »

CNP Fraud Around The World

By | March 27, 2017

Publication Date: March 2017 Download the white paper With card-not-present (CNP) fraud rates rising, many countries have deployed various fraud prevention tools to help curb fraud in the online and mobile channels. This U.S. Payments Forum CNP Fraud Working Committee white paper reviews experiences from countries around the world to assist the U.S. payments industry in mitigating CNP… Read More »