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Posted by on in Fraud News
NORTH TEXAS (CBSDFW.COM) – A fraudulent credit card arrest and subsequent guilty plea of a Garland man points to a huge and blossoming problem in North Texas and this one could be hitting your pocketbook without you knowing it.
Dalton Abrams pled guilty to ‘conspiracy to effect transactions with access devices issued to other persons‘ — or credit card fraud. The 56-year-old man was part of a gang that learned how to randomly find credit card numbers, and then manufacture fake credit cards.
“They w...
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Posted by on in Fraud News
Save Mart Issues Warning After Reports of Account Compromises
December 7, 2011 - Tracy Kitten, Managing Editor
Modesto, Calif.-based grocer Save Mart Supermarkets confirms that at least 80 employees and customers have reported account compromises linked to a data breach discovered Nov. 23. [See Fraud Scheme Hits Grocer.]
According to a Dec. 5 statement issued by Save Mart, reports of compromised bank account data or attempts to access bank account data escalated over the weekend. Tampered-with...
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Posted by on in Fraud News
Cape Town - Credit card fraud nearly doubled to R403m in the 2009/2010 financial year, a study by the SA Banking Risk Information Centre (Sabric) has found.
In the report, released on Tuesday, Sabric said the amount increased from R263.8m last year as the expanding credit card market gave fraudsters more opportunities for scams.
"Credit card fraud occurred in all the provinces in South Africa although some provinces experienced more card fraud than others," it said.
"Gauteng, KwaZulu-Natal and...
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Posted by on in Fraud News
by Nour Abdul-Razzak, associate economist, Katy Jacob, business economist, and Richard D. Porter, vice president and senior policy advisor
Given the growing popularity of e-commerce and m-commerce over the past few years, remote payments have become commonplace. Unfortunately, remote payments fraud has grown in response. On September 26, 2011, the Federal Reserve Bank of Chicago and the Secure Remote Payment Council (SRPc) co-hosted a symposium to discuss strategies that help reduce such forms...
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Posted by on in Fraud News
New solutions designed to protect consumer information by obstructing ATM data theft devices
Diebold's re-engineered ATM hardware and new service offering supports financial institutions' security efforts by moving the focus from theft detection to protection
NORTH CANTON, Ohio, Nov. 3, 2011 /PRNewswire via COMTEX/ -- While criminals once targeted financial institutions for their currency, today's advanced technologies have made consumer data a far more desirable payoff. In its continuous effort...
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Posted by on in Fraud News
Credit and cash card fraud in Switzerland is rising sharply, according to a government report released today.
It found that the number of cases rose especially sharply in the first half of this year as 225 cash machines were fitted with card copying devices in the first four months of this year—that’s almost double the number of cases seen in the whole of last year.
But it is not only ATMs that are proving a playground for thieves, according to the Reporting and Analysis Centre for Information...
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Posted by on in Fraud News
NEW ORLEANS -- A federal grand jury in New Orleans has indicted a 35-year-old California man with credit card fraud.
Jan Brewer was charged Friday with possessing counterfeit credit cards.
A criminal complaint says a private shipping company discovered a package placed in their custody for shipment from Inglewood, Calif., to the New Orleans area contained 25 counterfeit credit cards, two counterfeit California driver's licenses with the same person depicted on each but with different names and...
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Posted by on in Fraud News
Though the economy may be struggling, a CreditCards.com/Bankrate.com survey of gift card issuers shows that the gift card industry continues to innovate, with digital gifting offerings breathing new life into an already strong segment of the retail market.
Gift cards remain one of the most popular gifts among consumers. In fact, the gift card market is growing at least as fast as the general consumer spending market, says Michael Hursta, vice president of payments transaction company First Data...
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Posted by on in Fraud News
LUCY ADAMS CHIEF REPORTER
28 Oct 2011
GANGSTERS are using pre-paid cards as part of a new scam to launder money garnered from internet crime and credit card fraud.
Kenneth Murray, the head of forensic accounting at the Scottish Crime and Drug Enforcement Agency, yesterday warned that serious organised criminals are making use of modern technology to transfer dirty money.
Speaking at the eighth annual Scottish Financial Crime Group Conference, Mr Murray said that in the next five years pre-paid...
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Posted by on in Fraud News
It's a measure of the brazenness and ubiquity of identity theft that a U.S. Senator has become the latest victim of credit card fraud. Thieves stole the credit card numbers belonging to Senator Daniel Inouye (D) of Hawaii, embedded them on the magnetic strip of a fake credit card, and went on a $12,000 Walmart shopping spree.
Might have wanted to check to see who owned the credit card you had stolen before going on a swipe frenzy...
The Atlanta Journal-Constitution reports that an ex-Walmart...
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Posted by on in Fraud News
The Durango Police Department is warning residents about a large-scale debit- and credit-card fraud that occurred last month and earlier this month at Mama’s Boy Italian Ristorante.
All credit and debit cards used at the restaurant between early August and mid-October were sent to a computer hacker, said Joe Farmer, investigator with the Durango Police Department.
“All of these cards are at risk of being duplicated,” he said.
The computer system at the restaurant, 2659 Main Ave., was hacked in...
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Posted by on in Fraud News
Embedded Infoglide identity and link analysis technology will help users of FICO’s market-leading fraud management solutions stop emerging fraud schemes faster
MINNEAPOLIS — October 25, 2011 — FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced it is enhancing its risk management and fraud detection applications by incorporating Infoglide’s market-leading Identity Resolution Engine® (IRE) software. Infoglide IRE will serve as the identity resolu...
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Posted by on in Fraud News
By the AllClear ID team
Vanessa here, with AllClear ID. “Smart Cards,” credit cards embedded with RFID chips, are getting more attention as more banks issue them to their customers.
What is RFID – and why is it in my credit card? An RFID (radio-frequency identification) credit card has a radio frequency microprocessor inside it that contains your card information. When you check out at the register, you wave your smart card within a few inches of an RFID-enabled terminal. The terminal reads your d...
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Posted by on in Fraud News
Computerworld - In a rare instance of a court siding with consumers in a data breach lawsuit, a federal appeals court has cleared the way for a class-action lawsuit to proceed against grocery chain Hannaford Bros. over a 2007 data breach that exposed millions of customers' credit and debit card numbers.
The U.S. Court of Appeals for the First Circuit last week ruled that consumers who took proactive steps to protect themselves against fraud and identity theft in the wake of the breach may seek...
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Posted by on in Fraud News
Out of her frustration by inaction of the banks the mother from New South Wales filed a lawsuit before the Supreme Court against Commonwealth Bank, Australia New Zealand Bank, Westpac and National Australia Bank, the Sydney Morning Herald reports.
The scheme started in 2007 when her son, then 14, sold expensive items such as laptops, mobile phones and watches on eBay without delivering the merchandise. The scam earned for the teen over $6,000 a day, which gave him enough money to live the high...
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Posted by on in Fraud News
In yet another crackdown on bank card fraudsters, the Bank Fraud Wing of the Central Crime Branch (CCB) has busted a gang on Sunday who cloned freshly issued credit cards of Chennai customers in connivance with two courier personnel.
Police arrested Balaji (32), Vignesh (20) and Sridhar (30) and seized the air blower gun, a skimmer device and a laptop containing information on credit card details of 64 persons in Chennai, sources added.
The culprits used an air blower gun to open envelopes...
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Posted by on in Fraud News
“[The] situation has become alarming as the country becomes a safe haven for cybercrime operators involved in cyber pornography, cybersex den, illegal gambling, credit card fraud and identity theft but the operating units could hardly deal with them because cybercrime operators, many of them foreign mafias, are aware of the present organizational and technical incapability of the country’s law enforcement agencies,” Director Samuel D. Pagdilao, Jr., chief of the Philippine National Police (PNP)...
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Posted by on in Fraud News
The Loveland Police Department has now received more than 500 complaints of credit and debit card fraud since an influx of calls reporting unauthorized charges began on Oct. 14 and are investigating alongside federal authorities.
Loveland police said in a news release that new credit/debit cards have been using information that was compromised.
Police say they don’t know when the accounts were compromised and are working with the victims, other law enforcement agencies, federal authorities and f...
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Posted by on in Fraud News
WASHINGTON — The Federal Bureau of Investigation on Friday estimated there are some 1.4 million gang members in the United States and they are turning to white-collar crimes as more lucrative enterprises.
Gangs like the Bloods and the Crips are engaging in crimes such as identity theft, counterfeiting, selling stolen goods and even bank, credit card and mortgage fraud, said a new FBI gangs threat assessment.
"We've seen it, but we've seen them doing it even more now and we attribute to the fact...
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Posted by on in Fraud News
This credit card thief went on a Burger King shopping spree — and racked up $717 for burgers and chicken.
A Boca Raton woman called police this week after discovering someone used her credit card to run up hundreds of dollars at the fast-food chain in two months, according to a Boca Raton police incident report.
Since Aug. 25, the thief used the card up to several times a day but at just one place: the Burger King at 175 N. Federal Highway in Boca Raton, near Mizner Park. That averages about $14...
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