Monday, March 06, 2006

Increased Debit Card fraud

Something appears to be going on nationally with debit cards.

Boing Boing is claiming specifically Citibank is under attack.

FraudWar links to this to a pattern of attacks, with some scary timeline charts from the Privacy Rights Clearinghouse.

And there does appear to be a pattern of debit card fraud in the news lately.

Sure wish I didn't have a citibank debit card right now...

3 Comments:

Anonymous Anonymous said...

I found your site from technorati and yes, there does seem to be a disturbing amount of debit card fraud. Yesterday, I found out our debit card and pin number had been obtained fraudlently due to a database hack at an "undisclosed national retailer" (although, we have a really good idea of where it was taken at). We were out $1500 in ATM withdrawls from London before we saw it posted on our checking account. Our local newspaper (Athens, GA) ran an article on the fraud and estimated at least 100 individuals at one banking institution alone had been affected. My biggest concern is why this isn't being reported by the major news organizations? A google search shows that this is occuring all over the country. The advice we were given at the bank was to not use the "debit" function of the card at a retailer, but to run it as credit...too little information, way too late.

-swiped in Athens, GA

Monday, 06 March, 2006  
Blogger Connie said...

I'm doing my part by insisting that I don't get a "check card", but a traditional debit card with no Visa/MC logo. Even though that won't help against fraudsters who have PIN info, at least it helps curb those who can easily do the swipe thing sans PIN. Beyond that, just a silent prayer at each use.

Tuesday, 07 March, 2006  
Anonymous wrd said...

I would not touch a debit card with a twenty-foot pole. Gimmie credit any day.

Tuesday, 07 March, 2006  

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