You do not ram raid cash machines in South Africa, pack it with this commercial explosives and bombs of the Front in them. They do not ask to steal the drivers from their cars before they get out either. You just shoot. South Africa is a beautiful country with much to recommend about it, but there are challenges in keeping hundreds of thousands of fans secure their money and their cards.
Organized crime
Nigerian criminal groups are embedded, for example, also in South Africa and can not waitFIFA World Cup to bring his love. Organized criminals in general is treating the event as a celebration. They are stealing us to make maps, identities, money and cards. Their networks are challenging and fast to copy with insiders at banks, hotels and shops to personal information and credit card data so that transactions can take place quickly, before the cardholder is even aware of a problem.
Relaxed football tourists may have been told that it is foolish to go too far inJohannesburg, or stop at a red light to win but after a few beers and a team, they will take care to remember at an ATM to take to keep their passports safe and travel with the crowds?
Jim Oakes (pictured below), consultant for fraud and risk management consultancy Financial Fraud Risk, who is also vice president of the Association of Certified Fraud Examiners UK Chapter is very clear about the challenges of the world's paydays face if their customers set out for the world Cup. Previously workedas Financial Director at Barclaycard Crime, the strong association with ABSA Bank South Africa has, he knows what he's talking about.
"South Africans are aware of an inherent sense of security. Instinctively stay, what is happening around them, they would not go to an ATM after dark dream, she did not stop in the car, not even at a red traffic light and they keep their belongings hidden. Football fans get easily dehydrated, particularly in Johannesburg (which is7,000 feet above sea level) so a few beers have a significant effect. Then they are not as careful as they should be. "
For banks and credit card companies, the World Cup, as with any major sporting event, that is, they must adapt their systems to normal so for the fact that thousands of their customers will behave from. Some have systems that allows cardholders to call and report them to travel. Others are text to mobile phones may be transactionsconfirmed. For all banks, whatever the degree of complexity of their systems, there is the need for increased staffing with additional warnings, especially if the outsourced centers are located in a different time zone works to South Africa to deal, and especially on weekends.
Said Oakes: "fraud on cards greatest just before, during and after a game, but the risk will lead to long after the trip. Some fraud does not come to light, a cardholder to return home."
TheType of fraud, a tender for a credit card company should trigger are high quality goods, including jewelry, electronics and white goods and other items not associated with a holiday.
Oakes said that with insiders, fraudsters will use stolen cards also load for the many small transactions value in prepaid cards new, hoping the small value amounts to stay in card issuers' alert criteria.
Red flags
Because banks of different risk tolerance, some are red flag transactions orCards even stop when other issuers that are more customer focus will accept a higher risk to the customer are avoided is harassed.
"There should be many kinds of transactions that banks are considering," says Oakes. "Fraudsters will try to stay under the radar, and they are very experienced in this. Before the World Cup, the banks should avoid the creation of additional activity room with the increased incidence of fraud, so that they pursue suspect companies. CountlessCompanies will be founded purely to deal with fraudulent payments. "
Oakes says, is that online businesses the hardest to crack.
"Some websites are as good as, if not better than the originals," he said. It is very difficult to be sure, for the consumer that they do not rooked. And they will not know until the transfer taxi does not arrive or not the hotel room there. After their departure, they find that their card was compromised, and will continue to be threatened bythe event.
South Africa-card system was in the state of the migration to EMV in recent years, but during the adoption of fairly well, there are some big gaps. Moreover, also EMV cards in non-EMV markets outside of South Africa, particularly in North America are used.
Oakes added: "It will also have the propensity for stolen cards in South Africa, used in New Zealand, Australia and the Asia-Pacific region. This practice is unusual in at least for UK cards, and so shouldresolve an alarm.
Concern
Oakes, he says, how little discussion is going on, how the UK banking sector should jointly handle payments fraud is involved during the World Cup. He said: "I'm sure a lot of activity taking place, but it has no common discussion about the potential risks and unique in South Africa."
A lot of media attention is given to the risk of stolen cards and identity theft, but Oakes said that this alone can lead toProblems if people choose to take cash instead. "It is limited to a 5,000 rand (about £ 445) on the cash used in South Africa for a start, they can seize their money at the airport, but more important is the risk that it may be more violent crime if criminals believe , People, large amounts of cash on them. This could be very dangerous indeed in South Africa. "
Article from Pretoria News, 24 May
A series of bombings in and around ATMPretoria over the past two weeks, the police, who have intensified their investigations, concerned in the crime.
Since Friday five ATMs were blown up were with commercial explosives.
At the beginning of the month, the police achieved a breakthrough with the seizure of two and a half tons of explosives in a house in South Hills, southern Joburg. The charge, which was after a tip-off to Primedia's Crime Line, described as one of the greatest finds of the commercial explosives arrived in SouthAfrica.
Police said the explosives were stolen from a container at the City Deep. They believe it was the work of a consortium in the bombing of ATMs across the country involved.
Police spokesman Lieutenant Colonel Lungelo Dlamini, said the first in the wave of bomb attacks in Atteridgeville last Wednesday.
An Absa ATM was bombed by an unknown number of suspects. "Only one suspect was wearing a balaclava was seen," he said.
On Friday, a second machine bombed in AbsaPretoria West, again by an unknown number of suspects. "An undisclosed amount of money was taken. No arrests have been made yet," he said.
bombed on Thursday morning in Rayton, three dispensers - Absa, FNB and Nedbank - have been by a group of about 10 men in separate vehicles on the road.
"Commercial explosives were used and an unknown amount of money was taken.
"One of the vehicles have been used in suspected an Audi, was later found abandoned in Mamelodi. The vehicle was stolenPretoria West in March, "said Dlamini.
The police suspect that the ATM bomb attacks in Rayton committed by the same group, but other incidents have not been brought to the group on compound, although this possibility was not excluded.
A forensic investigation is done on the car again in Mamelodi. can help, see it, the police run the names of suspects. "The police are concerned about the number of ATMs in such a short time bombed. Task teams. Investigate
Banks ill-prepared for the World Cup
Actimize, NICE Systems is part of a warning for the banking sector, that it can not have enough protection against fraud in connection with this year's World Cup will be issued.
A thorn in fraudulent activities occurred when the FIFA World Cup Finals Fixtures were announced, a pattern that echoes at the Olympic Games and followed the previous World Cup.
Banks are often faced difficulties in the identification of fraud during such occasions, becauselegitimate transactions to increase in the frequency of masking help the criminal activity.
Jackie Barwell, Actimize products manager for economic crime, warned that seem the most credible phishing e-mails with professional or fraudulent websites designed to help customers linked to the disclosure of their personal data trick.
Barwell went on to say that the only way to combat such fraud with a sophisticated concept that behavioral profiling of the card, the customer and wasKaufmann.
Phishing is a growing problem for the global banking sector, with solutions such as Report of HSBC in the United Kingdom and the Standard Bank in South Africa, the host country of this year's World Cup adopted.
SABRIC says card fraud rising
South African credit card fraud losses increased from 5% to R443m for the period July 2008 to June 2009 (with the same period in fiscal 2007-08 compared) to SABRIC, the South African Banking Risk Information Centre.
- FraudLosses with South African cards issued within the country decreased by 6%, while cross-border fraud increased by 23%
- Counterfeit card fraud losses increased by 22%
- Have lost and stolen card fraud losses fell for the first time by 34% to R100.2m
SABRIC CEO Kalyani Pillay, said: "The industry has experienced a steady increase in losses from credit card fraud over the years. But the positive development of the 5% increase in losses this year,while still not wanted, that it represents a significant decline in the rate of growth of the industry card fraud losses if they experienced with the 30 percent increase over last year. The banks remain committed to raising public awareness about the role they play in order to mitigate industry initiatives to support credit card fraud can. "
Most banks are losses due to fraud with credit cards issued in South Africa in 2009 occurred within the State and Gauteng, Kwazulu Natal and Western CapeProvinces account for 89% of the losses. However, total card fraud losses have decreased in South Africa this year by 6%.
SABRIC He attributes the decline in card fraud in the country on the decline in some types of card fraud as a result of robust industry crime prevention measures, including raising public awareness. Pillay said: "The impact of the reach of Chip & PIN technology begins on the misuse of stolen or lost cards that are found. This is by supportingIndustrial Real Time Crime Risk Management, which facilitates the immediate detection and response to incidents of fraud on commercial vessels level ".
Counterfeit card fraud is fraud loss of the primary category in this year after it increased from 22% to R144m. Most of the banking sector, financial losses from counterfeit card fraud within the borders of South Africa occur. Pillay said: "skimming of cards via handheld skimming devices are still the main modus operandi to getInformation to produce counterfeit cards. "
The partnership, which has forged the banking sector with the government, particularly the South African police and other law enforcement authorities is a key factor for the progress in the bank to reduce crime, especially with the release of skimming devices, particularly at ports of entry .
Category numbers
Banking industry's financial losses from lost or stolen card fraud has fallen by 34%this year. This is while the misuse of lost and stolen cards was the primary card fraud loss for the category last year.
Improper use of fraud and deception taking account decreased by 54% and 42%, maintaining the downward trend experienced in the past year. Meanwhile, Card Not Present fraud increased by 45% this year, not next to achieve truly outstanding card fraud with their recipient (subject to 35%).
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