What’s in their (digital) wallets? The scammers loading up phones with stolen cards

What’s in their (digital) wallets? The scammers loading up phones with stolen cards

Scams, Consumer affairs, Money, Banks and building societies, Mobile phones Business | The Guardian

​Criminals are pouring effort and resources into a new way of exploiting hacked bank accountsA new and ­sophisticated fraud has emerged in which criminals transfer the bank cards of victims on to the digital wallets of their own phones and then buy goods online and in high street shops.A group of anti-fraud bodies have come together to warn of the dangers of the scam, which international criminal gangs have been using in the UK as well as North America and other countries. Continue reading… 

Criminals are pouring effort and resources into a new way of exploiting hacked bank accounts

A new and ­sophisticated fraud has emerged in which criminals transfer the bank cards of victims on to the digital wallets of their own phones and then buy goods online and in high street shops.

A group of anti-fraud bodies have come together to warn of the dangers of the scam, which international criminal gangs have been using in the UK as well as North America and other countries.

Continue reading… 

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