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Category: Credit Cards

Credit Card Fraud In The News

Credit Card Fraud In The News

The Times of India reported on April 22, 2008 how a Hyderabad businessman’s credit card was used to buy air tickets worth Rs. 39,916/-. What is interesting is the modus operandi and reader’s comments. Mohammed Obeid (the fraud) approached Venkat (the card owner) on the pretext of providing a new credit card from Barclays Bank and collected the CVV and credit card numbers from him and passed on the information to Ramakrishna. So our businessman handed over the his credit…

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