Saturday, March 11, 2006

Citibank uncovers debit card fraud

Chicago Tribune | Citibank uncovers debit card fraud

Looks like Citibank has had many fraudulent losses due to lax security at some PIN based retailer or processing company. The fraudulent debit cards are being used in U.K., Canada, and Russia.

This really is not an unusual location for the transactions to occur. There is a great deal of fraud, stolen credit cards, and debit cards where either the cards get located in Eastern Europe or Central Asia.


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