Millions stolen in credit card fraud surge
October 23, 2009
Total Loss:
$10 million
A surge in credit card fraud at ATMs and EFTPOS facilities has seen Australians fleeced of tens of millions of dollars in recent months. A leading fraud expert says Australia's outdated and insecure banking technology has made the country the target of Romanian credit card skimmers with increasingly sophisticated equipment. NSW Fraud Squad commander Col Dyson told ninemsn that gangs obtained credit card details with magnetic stripe skimmers and cameras attached to standard ATMs.
Source:
Nine MSN
Posted in:
Credit Card Fraud