Credit card fraud is a wide-ranging term for theft and fraud committed using or involving a payment card, such as a credit card or debit card, as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorised funds from an account. Credit card fraud is also an adjunct to identity theft.
Cybercriminals have been increasing their attention to the gaming industry as an easy way to get access to credit card information. In a process known as “credential stuffing” criminals target their attacks using pre-existing stolen identifications, giving them the ability to make lucrative profits. The gaming industry as a whole is aware of the cybersecurity […]
Identity theft in SA has become one of the largest major concerns, especially in an economy that bases so much on credit. The surprising factor is that even those that feel they have done everything to protect themselves, may find their identity stolen and they are swept into a world of chaos and doubt. The […]
Identity theft in SA has become one of the largest major concerns, especially in an economy that bases so much on credit. The surprising factor is that even those that feel they have done everything to protect themselves, may find their identity stolen and they are swept into a world of chaos and doubt. The […]
One of the more popular methods of accessing consumer account information is ‘card skimming’. South Africa, as well as the United Kingdom, Ireland, the Netherlands and the United States have experienced an intensification of this crime and it has become a major challenge to overcome. The process of card skimming requires that a device be […]
Credit card fraud throughout the world consists of three different types: debit, credit and prepaid and as of 2013, almost one third of South Africans have been a victim of some form of card fraud. What started out as ingenious ‘419 scams’, alluring unsuspecting individuals into investing, purchasing or believing in a non-existent offer or […]