credit-card-frauds-india

Security Lapse in ICICI Credit Card Division Led to Fraud

by

icici bank security lapseIt is not uncommon to hear about free flow of Personal Information from the Banks / Financial Institutions because of poor security measures and checks in the banking industry which is very vital at this point of time. A reader of our Website, a corporate customer from Delhi NCR writes about his plight of bitter experience with ICICI Bank Credit Card seeking advise as follows, [75012]

I am a credit card holder of ICICI Bank, my VISA credit card no is 43755XXXX490002. On 19.08.2013 Rs 70,000 has been debited from my credit card by fraud transaction. Even my mobile number has been changed without my knowledge. My mobile no is 7208877XXX but it is changed to 9967237891( I got to know this information from bank’s customer care). Among the fraudulent transactions,

Read moreSecurity Lapse in ICICI Credit Card Division Led to Fraud

SaporDeals.Com Discount Card Fraud using Tele-Marketing with IVR

by

SaporDeals FraudIn Nov-2013, we alerted all our readers with the new kind of Credit Card fraud that is going on in India where your credit card details are divulged by you and essentially without full knowledge you authorize a transaction over the phone. A Reader of our website, Mr. Akhil Gupta writes to us on how he was victimized by SaporDeals.com a Fraudulent Discount Card Website. [73447.2]

I want to alert all readers that some part of my

Read moreSaporDeals.Com Discount Card Fraud using Tele-Marketing with IVR

Fraudulent Purchase on SBI Credit Card – No Consumer Protection

by

SBI Card Frauds - Not investigated Despite so many checks to prevent fraudulent transactions, they are still rampant in India and this happens in the Card being present mode. One of our Reader Writes to us that, he is a customer of SBI GE Doctor Credit Card. [66334]

I want to inform you that there had been made a transaction of Rs 6999.00 on my SBI card 4317541049402012 on 10 august 2013. which I had not made and then immediately I request the SBI customer care help line no 18001801290 through phone on 11 august to block my card

Read moreFraudulent Purchase on SBI Credit Card – No Consumer Protection

How A new Credit Card Fraud Using Telephone / IVR is Operating in India ?

by

Credit Card Frauds in IndiaIt has come to our light that a New Kind of Credit Card Fraud Racket is operating in India using the Telephone and IVR [Interactive Voice Response] mechanism. How is this Credit Card Fraud Ring Operating ? A Reader shared his story with us.

A person called from Delhi from the Number +911204835500 named as Arthi and told that the call is from HDFC Bank Credit Card department. As I am a preferred customer of HDFC bank credit card, I will receive some discount cards with other benefits like cash discounts

Read moreHow A new Credit Card Fraud Using Telephone / IVR is Operating in India ?

SBI Unwilling to Investigate Fraudulent Withdrawals / Charges on Debit Card

by

SBI Debit Card FraudEight months ago we alerted you all about the massive Credit Card Fraud that had hit Indian users of Plastic Money. HDFC Bank the Largest Issuer took concrete steps to issue cards with EMV complaint Chips followed by ICICI going ahead and launching the most secured credit card – CodeSecure. However, Nationalized bank SBI has done very little to protect its consumer interests. A reader of this website [65450.1.2013] writes to us as following,

Read moreSBI Unwilling to Investigate Fraudulent Withdrawals / Charges on Debit Card

Unused Credit Cards – Don’t Hand it Over to Anybody / Not Even Bank Agents

by

Credit Card IndiaThe Kolkata Police have busted a Credit Card racket involving unused credit cards. The modus operandi set by the thieves was to call credit card holders and tell them since their card is not in-use they’d be levied charges between Rs2000 to Rs 4000. Hearing this, the consumer would retaliate and the thieves would let such consumers go and for the others they’d offer that the bank will cancel your card and an agent will be sent to your home to pick up the same. Bingo! once the consumer approved of cancellation, one of the racketeers would visit as a Sales Agent with perfect dressing and make them sign-over some documents to make it appear as legal and then collect the card.

Once the card was in their hands,

Read moreUnused Credit Cards – Don’t Hand it Over to Anybody / Not Even Bank Agents