Hi-Tech Fraud. Shocking!!  | |  They Would Make Duplicates Of Credit Cards Used By Customers At A Juhu Hotel
Mumbai: The next time you decide to use your credit card on a shopping trip, think again.
In a story i read today, earlier this year, the Mumbai police have busted a hitech credit card fraud which they believe is the crime of the future. Four gadget-savvy youngsters from Andheri, two of them software engineers, got together to earn a quick buck and ended up ripping off over Rs 3 lakh of citizens' money. The foursome were arrested by the Juhu police. Interestingly, one of the boys was all set to leave for the United States for a job in a wellplaced computer firm.
NEW-AGE CRIME
A portable magnetic cardreader can store data from around a dozen cards tha t have been swiped through it; made in China, the device was bought on the net for Rs 18,000.
The card-reader is connected to a computer and the entire data is transferred there.
The data is then stored in blank cards available in the grey market.
These duplicate cards can now be used to buy a fortune and also withdraw money from ATMs.
Please be careful while using your cards and please beware of such frauds!
Any thoughts? Have u ever been in this situation. What would u do to avoid such frauds?
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| | | | | | | | 1.  kids91911 (2564) | 3 years ago |  Good question but I don't have a good answer sorry.
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