Log inRegister

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...

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...

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...

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...

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...

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...

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...

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...
  1. Pre-paid cards being used for money laundering scam
  2. Senator Is Victim Of Credit Card Fraud, Thieves Rack Up $12,000 At Walmart
  3. 100s of credit cards hacked
  4. FICO and Infoglide Software Collaborate to Strengthen Fraud Investigations

Page 350 of 354