Articles about ATM fraud incidents (0-7 of 7)

  • 10 Money Saving Ideas For Businesses In A Bad Economy
    By: Marco Carbajo | - With an economy that's struggling, every small business owner is looking for ways to increase profits, save money and improve efficiency.

    The good news is there are plenty of ideas that you can find in books and articles. But rather than cover the obvious ones, in today's tough economy you need new and creative ways to save.

    Consider the following ten money-saving ideas for your business:

    1) Go paperless - You can lower storage costs, printing costs and ...

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  • Chex Systems:10 Ways To Maintain A Positive Chex Systems Report
    By: Marco Carbajo | - Did you know that mishandling a checking or savings account can negatively impact your report with ChexSystems?

    It's crucial to maintain a favorable score because 80% of banks and credit unions will review your report with Chex Systems anytime you decide to open a new checking or savings account.

    This consumer credit agency is very different from Equifax, Transunion and Experian because the data it collects and supplies to over 9,000 financial institutions shows whethe ...

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  • Nigerian Counter Crime Officials Arrest Offenders For Stealing Funds From Bank Phb
    By: iClass | - Nigeria has been one of the major hubs of crime including cybercrime, data theft and drug trafficking. There have been numerous incidents of stealing funds from the accounts of legitimate bank customers by luring customers to reveal Automated Teller Machine (ATM) pin numbers and online passwords through fake e-mails. As customers are now accustomed to receiving phishing and fake e-mails, criminals are devising new ways to steal funds.

    Recently, counter crime officials in Nigeria ar ...

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  • Trio Charged With Possessing 72 Counterfeit Debit And Credit Cards
    By: Sam Gooch | - They could face up to ten years in prison if convicted.

    Three people have been charged with the possession of 72 counterfeit debit and credit cards, it has been revealedThe items, along with Medicare cards and 18 drivers' licences were seized after a raid on a home in Mount Waverley last Friday (November 5th).All three - who face up to ten years in prison - appeared at Melbourne Magistrates' Court yesterday and had their case adjourned until January 28th.Fake copies of Aussie cr ...

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  • Credit Card Skimming
    By: brianwarren | - A major contributor to credit fraud and identity theft is Credit Card Skimming. Your banking credentials can be stolen when the digital information contained within the cards magnetic strip is obtained or when the cards PIN is digitally obtained.

    Credit and debit cards contain Card Verification Data. This is the security code generated by the bank and stored on the magnetic strip of the card. Usually card holders themselves have no any idea what the code is, and the only way ...

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  • Anticipating The Offenders: A Strategic View Of Credit Card Prevention
    By: Sam Gooch | - Credit card fraud along with other payments frauds has made bank robbery a thing of the past.

    For banks and financial institutions, fraud prevention has always been a major concern as fraud such as credit card fraud is a cost that can lower their profitability. To minimize this cost, banks and financial institutions often have to carefully allocate resources to establish and maintain effective and efficient fraud prevention measures. Incorrect decision as to how to allocate resource ...

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  • Atm Fraud Issues And Atm Security Issues By Geography
    By: imdad1 | - ATM fraud issues in the most part involve credit card fraud and debit card fraud. The ATM machine may be the 'common purchase point' (CPP) where analysis shows that a significant number of credit cards or debit cards were used genuinely in one specific location prior to detection of subsequent fraudulent transactions. Even when not the CPP, automated teller machines may be the mechanism used to convert compromised credit cards and debit cards into hard cash, so long as the credit card fraud or d ...
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