Monday, November 21, 2011

155 million euro loss through credit card fraud

The replacement of credit cards is largely complete. The monitoring of
the cards has been tightened considerably.
The largest mass exchange of credit cards in Germany, according to
the banks already largely completed.
Frankfurt / Main. The largest mass exchange of credit cards in
Germany, according to the banks already largely completed. The Central
Credit Committee (CCC) said on Thursday also, all German banks have
also tightened up the monitoring of the affected cards significantly,
which further restricts potential for abuse. Meanwhile, experts
warned, the total damage from credit card fraud in Germany is expected
to double this year to 155 million €.
Unlike debit cards, which are illegal to the fraudster data by
mounting an attachment to the card insertion slot of the ATM
(skimming), the credit card fraudsters usually fetch the required data
directly from the Internet. You can protect against these hackers
barely. A principle of the experts is this: As little as possible to
pay by credit card.
Other countries are following a report by the Bavarian television hit:
A Visa spokeswoman Germany have the news program "Rundschau" said that
would now also in other countries seem to be exchanged cards. Numbers
and countries they have not called.