Monday, January 21, 2008

Nine cases of credit fraud registered in 2007

Online credit fraud cases are increasing in India. In the last six months there have been 12 cases of credit card fraud in western parts of the city.

City police has been saddled with a case in Shahibaug. A young trader's credit card was used for online shopping and Madhavpura police are now tying up with cyber crime experts to solve the case.

On Saturday Nirav Modi, a resident of Spectrum Towers, Shahibaug, filed a complaint with Madhavpura police for misuse of his credit card on internet for shopping of household items worth Rs 46,721.

Modi came to know about the transaction when he received a bill for the transaction after getting a call from the credit card company. When he saw the transaction details, it was for shopping of grocery, washing machine, furniture and small household goods purchased online using his card number and CVV number.

"The card was used over the period of six days from January 11 to 16. Modi got a call from the company to inform him of the transactions and he got a bill for the same on January 18. He was shocked as he did not purchase anything online. Clever fraudsters also did not exceed the limit of Rs 10,000 in a day and made small purchases. We are yet to get details of the transaction and locate the computer used for the fraudulent purpose," said H L Odedara of Madhavpura police.

According to the police records, misuse of credit card is on constant rise. In 2007 as many as nine cases were registered with the city police.

Except one, police did not get any clue in any case about the use of the card and whereabouts of the culprits. While in most of the cases, fraudsters have used the safest option of booking airline tickets with a particular airline online. But in this particular case, they have endeavor into shopping malls offering online service of purchase and delivery at your doorstep.

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