Tag Archives: Finance

News: ID Theft Is A Problem. It’s Official

 The Federal Trade Commission is now wise to the reality: identity theft is a problem. Nearly one in eight U.S. adults has had their credit card hijacked, identity co-opted or credit rating pockmarked by identity thieves over the past five years, Reuters quoted the Federal Trade Commission as saying. The FTC surveyed some 4,000 adults… Read More »

News: The Ugly Truth About The Self-Checkout Lane

 I live in Indonesia, which teaches you tons about credit cards and how easy they are to get fraudulent with. But at least here they don’t allow you to swan past security with riding lawn-mowers you haven’t paid for. From the Sacramento Bee, a cautionary tale about the self-checkout lane in supermarkets where you swipe… Read More »

News: When An ATM Isn’t An ATM

 From the These Thieves Are So Smart, Why Can’t They Get A Real Job Dept comes a story about ATMs. The Canadian Press reports of a scam in Ontario where the bad guys have rigged a number of existing bank machines allowing them to make working copies of customers’ debit cards by putting on a… Read More »

News: Come To Australia, Skim Central

Looks like Australia is becoming a haven for credit card fraud, or at least a part of the business. An article on News Interactive says that losses by Australian banks to credit card skimming have risen by more than 400 per cent in the past year, according to The Australian Crime Commission (ACC). Organised groups… Read More »