Online banking fraud surged by 14 percent in 2009, according to the UK Cards Association. Research by the financial organisation revealed that the losses from online banking fraud totalled £59.7m in 2009. It said the increase was due to criminals using malware to target online banking customers rather than the banks’ own systems, which are more hard to attack.The research also revealed there was a 16 percent increase in the number of phishing incidents reported during 2009.
Posts Tagged ‘Card Fraud’
Online banking fraud surges by 14 percent – networkworld.com – 11 Mar 2010
March 12th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Ann Skinner, Assistance Company, banking fraud, Blaney, Card Fraud, Card Purchases, Carrie Ann, David Cooper, Easy Target, Fraud Control, Fraud Losses, Fraud Prevention, Internet Activity, Life Assistance, Mastercard Securecode, Partnership Approach, Prevention Solutions, Prevx, Security Firm, Target Online 
Comments OffAustralians warned on card fraud after $6m bust – theaustralian.news.com.au – 02 Jul 09
July 5th, 2009 Before You Invest AUSTRALIANS have been urged to report any suspicious credit card activity after seven people were charged over a massive $6 million credit card scam using stolen personal information.Five people in Sydney and two in Melbourne have been arrested over a scam involving the manufacture and distribution of more than 200 fraudulent credit cards a week, using personal details obtained here and overseas.Personal information was stolen from card holders in Australia, Spain, the UK and Malaysia, then allegedly used by the syndicate to manufacture fake credit cards, Medicare cards and driver’s licences in Australia.The cards were then used by syndicate shoppers allegedly to buy about $500,000 worth of items every week.
Posted in Credit Card Fraud, Finance Fraud, counterfeit, credit card cloning Tags: Assistant Commissioner, Australian Crime Commission, Australian Federal Police, Card Fraud, Card Group, Credit Card Scam, Credit Card Statements, Department Of Immigration, Department Of Immigration And Citizenship, Fake Credit Cards, Fraudulent Credit Cards, Global Issue, Global Problem, Illegal Work, Immigration And Citizenship, Isst, Medicare Cards, Ms Newton, Nsw Crime Commission, Personal Credit No Comments »London gang made £3.5m from card cloning scheme
April 11th, 2009 Before You Invest A five-man gang based in south London stole £3.5 million ($5.1 million) in 11 days after turning a council flat into a card cloning factory, a court has heard. Prosecutor Ben Fitzgerald told Southwark crown court that the defendants started the alleged fraud when Barclaycard took on the credit card division of Morgan Stanley in 2008, This is London reports. Between September 28th and October 8th, he argued, they stole £3.5 million in a worldwide spree, including £645,000 worth of goods in Britain alone. Police who raided the flat in question found fake cards and counterfeiting equipment, as well as a type of software linked to the manufacture of the clone payment cards. Four of the alleged gang – Khi-San Voong, Qiu Yeu, Qiang Xue and Dauy Chung – all deny conspiracy to defraud.
Posted in Finance Fraud Tags: 5 Million, 5m, Apacs, Caixa, Card Cloning, Card Fraud, Crown Court, Defendant, Fake Cards, Fitzgerald, London Reports, Man Gang, Morgan Stanley, Payment Cards, Payments Association, Prosecutor, Qiang Xue, South London, Spree, Yeu No Comments »Store staffer held for card fraud – The Telegraph, India – 03 Apr 09
April 10th, 2009 Before You Invest Shibabrata Guha, a former employee of a sportswear showroom in Mani Square, was arrested on Wednesday evening for using a shopper’s credit card.Guha, who is in his late 20s, had found a credit card left by Mousumi Roy in the store after she made a buy in August 2008.The youth immediately excused himself from work and went on a shopping spree with Roy’s credit card, running up a bill of Rs 27,000.
Posted in Finance Fraud Tags: Act, Branded Clothes, Card Fraud, Cardholder, Credit Card Statement, Desires, India, Interrogation, Job, Running, Seven Months, Shopping Spree, Signature, Sportswear, Staffer, Telegraph, Wednesday Evening No Comments »
