Central Banking

High-tech credit card scam spreads

ASIA - International criminal gangs are using high-technology to steal thousands of credit card numbers at a time from trusting shoppers.

The scam - which emerged in south-east Asia but has now spread as far a field as Turkey - involves gangs inserting a recording chip into credit card terminals. The terminals are placed with unsuspecting retailers and the card information recorded each time a card is swiped. The adapted terminals have been placed by fraudsters posing as maintenance engineers.

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