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Fake card readers

ProfilePosted byOptionsPost Date

maggiewinchester

maggiewinchester Report 24 May 2022 07:08

So true, Ann.

It doesn't help when Banks, MPs and idiots keep going on about 'getting rid' of money.

The cheque was meant to be a thing of the past, yet Osborne has suggested the 'poor' should be given one! A bit hypocritical, really, as he created many of the 'poor' when he was chancellor.

AnninGlos

AnninGlos Report 24 May 2022 06:50

with all the money the banks make they should all be getting together to get something that prevents this. At the very least maybe the banks should send letters to their customers (not emails) so that their customers not doing on line banking are warned.

maggiewinchester

maggiewinchester Report 23 May 2022 19:13

What a load of bar stewards these scammers are :-| :-| :-|

It's strange how the Government can 'glean' information off the net etc, but can't stop things like this.

AnninGlos

AnninGlos Report 22 May 2022 08:31

From Mail on line

Scammers have been successfully stealing hundreds of thousands of pounds from online banking customers by sending them fake card readers which takes the account holder's details.
Online banking has seen a sharp rise in popularity over the past few years, but the Chartered Trading Standard Institute warned that this has caused an increase in this type of fraud.
The criminals have been cold calling household phones and giving the victim enough details to make their fraudulent story believable and sending out fake card reader machines.
The devices resemble those which are sent out to customers by particular high street banks who use them as an additional security measure when logging into their online bank accounts.
But by inserting their card into the machine, the criminals are able to get vital details from the victims and therefore steal their money.
A couple, who are in their 70s, fell victim to a criminal who claimed to be a NatWest member of staff, who called them multiple times to gain their trust.
He eventually sent out two card readers in the post and did a follow-up phone call to make sure they inserted the cards so he could drain their funds on purchases at online retailers.
They said: 'We have no knowledge of technology and are frightened to do anything. We both feel very vulnerable.'
Katherine Hart of the Chartered Trading Standards Institute said: 'We are aware of devices which read the "chip and pin" on a card to harvest and clone its data and others where a live link is set up with the scammer and a transaction is taken out immediately.'
Action Fraud, who has received 560 reports of card readers like the ones that led the couple to lose their money, said: 'Criminals are using increasingly sophisticated methods, especially amid the pressures and confusion of the cost of living crisis and in the aftermath of the pandemic, as all generations are having to become more reliant.'


We have to be so careful these days but we also need to make elderly friends and relatives who are not tech aware that this can happen via the phone.