Monday, September 1, 2008

Supermarket shopping spree for hi-tech fraudsters


A BBC investigation has apparently picked up that fraudsters are looking to hit US bank accounts by shopping in UK supermarkets like Tesco and Asda. According to the BBC, the self-checkout systems in UK supermarkets are at risk of being targeted by the hi-tech criminals with the stolen card details.

The gang plans to copy US bank account details onto the magnetic strips of fake cards and bleed the funds dry by stocking up on high value goods in the stores. In using the self-service systems it is thought that this will avoid contact with store staff that could spot the fake cards!

The BBC came across this plan with the help of computer security experts that noticed a discussion on a card fraud website in which the hi-tech thieves debated the best way to loot the money from US accounts. Seriously, who would actually discuss this on an online discussion board?

1 comment:

Anonymous said...

As opposed to hitting UK bank accounts from places like Australia. Dozens of residents from the West Norwood area of SE London were hit recently when card cloners targetted local supermarkets. I got my money bank and the local on-line residents groups record dozens of instances of others being hit the same way.