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CO: Credit card fraud rising Havasu residents reporting more cases each year

Posted on June 8, 2010 by Dissent

Jayne Hanson reports:

A credit card fraud phenomenon sweeping the nation has caused concern for Lake Havasu City Police Department’s white-collar crimes experts.

[…]

“What we are seeing is some new type of activity,” said Lake Havasu City Police Det. Scott Cheshire. When merchants use virtual credit card systems to batch charges at the end of a business day, the account information is being breached in cyberspace between the merchants and the bank.

“The difficulty is in tracking these bad guys. They can be anywhere in the world and be hacking at any time,” he said. “It’s scary. This is scary stuff right now. It is like anything else, we are learning about these trends as they are reported.”

Read more on Havasu News.

Category: Business SectorHackID TheftU.S.

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