Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

Alleged fraud ring stole $1M: police

January 17, 2010
Total Loss: $1 million
Police in Winnipeg believe a debit and credit card scam orchestrated by an out-of-province crime group has taken banks, local retailers and consumers for a loss of more than $1 million. The brazen and sophisticated scheme unravelled when alert loss prevention officers at a grocery store in northwest Winnipeg allegedly caught the suspects attempting to steal several PIN (personal identification number) pads Monday.
Source: Winnipeg Sun
Posted in: Debit Card Fraud
Tags: debit cardcredit cardover 1m