Fraudsters have targeted more than 40 stores in an elaborate credit card fraud scam. Police say tiny devices were inserted into the stores' 'chip and pin' credit card readers.
Specialists say the technology is the most advanced they have seen and is being used in supermarket chains across Europe. The devices, which are made in China, are reading and storing selected customers’ Mastercard and personal identification numbers as the cards are inserted into readers at supermarket checkout tills.
It is believed the bugs transmit the information via wireless technology to Lahore in Pakistan. Customers’ cards are then cloned and used to steal money from their credit card and current accounts and to pay for items such as airline tickets on the internet.
The scam was first discovered in the US and while there is no direct evidence to link it with terrorist activities in Pakistan, MPs here in the UK are calling for a full investigation amid growing evidence that terrorist groups such as Al-Qaeda are resorting to sophisticated technology to raise funds.
Source: Customer Strategy, London, UK
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