News and Events

Robbers Swipe ATM numbers
A description of a common ATM scam & skimming operation to gain access to unsuspecting people's bank accounts

Identity Thieves Stealing Attention
Not-so-smart fraudsters, and some interesting reading about credit card fraud

Couple charge with Fraud
Caught with 1000 blank cards.

Flooz.com collapse linked to massive credit card fraud
In an all-too-common theme, another online merchant succumbs to credit card fraud from suspected Russian credit card fraudsters. This one is old, but interesting

Mastercard targets Fraudsters
Mastercard in Australia starts to crack down on Phishing through a partnership

Credit card only works when spoken to
An interesting take on increased card security

Online Sellers Limit Liability
In the face of continuing attacks by computer hackers, some companies that store their customers' personal data are adopting a new defensive tactic...

Virus creators run online credit card scam
Haackers are running fake storefronts on infected computers in an attempt to gather credit card information

E-commerce is the cause of the record growth of crimes, VeriSign reports
Turnovers of web stores increase rapidly but computer crimes grow faster. Statistics shows increase in attacks, Internet fraud and using other's credit cards (identity theft). Hacker attacks become more and more frequent due to impetuous spread of e-commerce.

Verisign reports online fraud growth
VeriSign has released a report indicating that attempted site hacks, online fraud and identity theft are growing rapidly. The company announced a growth of e-commerce, but also tracked a 176 percent increase in the number of probes potential hackers launched during the holidays.

Internet Payments Grow, Chargeback Rates Fall
A more positive outlook on credit card fraud and merchant chargebacks from Businesswire.

Fraud is a growing problem both locally and nationally
... Then they received another surprise: "We called our commercial liability company, and the representative said we are not covered by credit card fraud," Joy said ...

New tools to fight identity theft
you put a fraud alert on your credit file, warning companies not to issue credit. But one ignored it and issued another card to the identity thief. ...

ACC banks join hands to fight credit card fraud
Australian banks cooperate in an attempt to curb fraud.





"Credit card fraud not only hurts business because they are losing inventory to theft, but also hurts service providers by potentially increasing chargeback rates to levels that could trigger cancellation of their merchant status"