NEWS & ADVICE : CREDIT CARDS
Gang involved in debit card fraud busted in Chennai
By Ankit Sharma
Dec 24, 2007
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Chennai: A 28 year old man was arrested by the Flower Bazaar police on Sunday, who had cheated many people on the pretext of providing them new credit and debit cards. The modus operandi of the gang was that they called people and made a list of those who had a debit card and were interested in getting a fresh credit card.

Then they would contact them and ask for further details such as the salary certificate, address proof, existing debit card details including the personal identification number (PIN). The gang then used this details to defraud the customers. According to police they had defrauded around Rupees three lakhs in the past few months in this way. The gang also had a young woman as its member.

Warning the people of such frauds, P Balachandran, ACP of Flower Bazaar area said that individuals should take extreme care when it comes to their vital bank account, credit card or debit card details. Sharing this information with anyone can lead to such incidents.

The awareness of various methods of online and offline frauds among credit card, debit card or online bank account holders is pretty less at the moment and very often we hear news about phishing attacks, involving money mules and other such incidents, stealing hard earned money. Recently in a phishing attack a person lost Rs 92,000 and HDFC bank nabbed a money mule who was illegally transferring money to some other account. Gaining adequate knowledge about such methods is the only way one can save himself from being duped.


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