According to a recent APACS study, overseas losses from credit or debit card fraud totaled 208 million sterling - over US 400 miilion dollars - in 2007, in the UK alone.
If you travel frequently, you will already understand the importance of protecting yourself from credit card fraud and theft. Newer technologies, such as chip-and-pin, are helping lower the risk of fraud in some areas around the world.
In areas with lower security measures, gangs and thieves infiltrate high traffic spending areas and attach bugging devices. These bugging devices scan the magnetic strip on credit or debit cards. The stolen credit card information can then be used by the thieves to make purchases.
Technology, like all things in life, is a two way street. As technologies continue to improve the quality of security required for fraud prevention, people work to hack those technologies to their advantage. Credit card companies and banks are on a continual search for new technology to help prevent fraud.
Holidays are supposed to be relaxing and fun. Unfortunate incidents, such as theft or personal injury, can cause your much-anticipated holiday to become a bad experience.
How do you protect yourself from fraud or theft in less technologically advanced areas? What measures […]
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Horse racing outcome are at risk from fraudsters. Read on to know more.
Scammers Are Forever?
Technology is starting to disillusion people. This is because money can be routed by people who hack into the computer wagering systems.
The popular hacking case of 2002 was followed with the loss of thousands of dollars when technical subversion of the computerized system allowed the illegal winning of a trifecta bet a few seconds after a Belmonte Park race. Fortunately, the manipulation was discovered and payment was held.
Wagering systems are being developed to avert the threat of hackers. But offering trustworthy horse racing systems and tips are certain existing sites.
Most suspicious cases are made by people who have inside information, rarely by the sites themselves. Chances are excellent results are what you can expect from your bookie.
Identity theft is this generation’s headache, and horse racing hasn’t been exempted from the chicanery of hackers. Companies continue to create software and hardware to fight the influencing of the wagering system. With billions of dollars at stake, the industry cannot take a risk.
Scammers can take money from the accounts of other people and route it to their own, so banks and betting systems alike are at risk.
Scams Galore
Fraudsters […]
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