Cyber Crime Cell
Credit Card Fraud ...!
Shastry of Nagole, Hyderabad has Saving account at ICICI Bank, Dilsukhnagar, Hyderabad and has a credit card. On 15-06-2015 he made last transaction through his credit card .On 18-06-2015 afternoon he received SMS from the bank that, some transactions were made through his credit card for Rs. 9,108/-, 18,216/- from www.makemytrip.com, Rs. 8,872/- from www.cleartrip.com total to the tune of Rs. 36,196/-. He was surprised to see this message as he did not make any transaction through the above websites. He immediately asked ICICI customer care centre to block his credit card. Later he had learnt that some persons have booked air tickets and travelled from Hyderabad to Delhi
What is a Card Fraud ?
Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of payment in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. Credit card fraud is also an add-on to identity theft
Card account information is stored in a number of formats. Account numbers are often embossed or imprinted on the card, and a magnetic stripe on the back contains the data in machine readable format. Fields can vary, but the most common include
Black Currency 419 Scam :
The scammer has a large amount of currency available to share with the target, but the currency has been defaced. However, the currency can be cleaned if the target will purchase enough of the correct cleaning solution (this type of 419 is also called "wash wash"). Black Currency 419 "tales" and techniques are commonly used in many other types of 419 operations
How criminals steal your identity ?
1. Name of Card Holder
2. Expiration Date
3. Account Number
4. Verification/CVV Code
Many Web sites have been compromised in the past and theft of credit card data is a major concern for banks. Data obtained in a theft, like addresses or phone numbers, can be highly useful to a thief as additional card holder verification
Charitable Organization 419 Scam :
The scammer approaches a charitable organization with a request for help, usually about getting a large sum of money transferred out of a country in which the charitable organization's brethren can claim to be persecuted. A percentage of the proceeds is often offered to the charitable organization for their assistance. The scammer needs monies for fees in order to get the monies freed up
What types of Credit Card Frauds are there ?
Mail/Internet Order Fraud
The mail and the Internet are major routes for fraud against merchants who sell and ship products, as well Internet merchants who provide online services. In this, fraudster presents stolen card information by indirect means, whether by mail, telephone or over the Internet to merchant site and orders the delivery of goods of lower value to avoid suspicion