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Insider Scams and Fraud a Growing Trend

Teenager was busted for skimming credit and debit details while working the drive-thru window at a McDonald’s. Teenager used stolen card numbers to buy gift cards at retail stores such as Walmart and Toys R Us. With the fraudulently purchased gift cards, he allegedly bought about $13,000 worth of merchandise that he later sold on Craigslist and eBay for profit. This case highlights just how easy it is for insiders to perpetrate card fraud, especially in retail environment. Industry needs an elegant and innovative solution (not EMV) that can make it an order of magnitude harder for skimmers to succeed.”]

Source: http://www.shoaibyousuf.com/2012/01/insider-scams-and-fraud-growing-trend.html

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