Card cloner swindled over R2m

2013-11-11 12:15
Members of the Durban flying squad show some of the items confiscated after an alleged card cloner was arrested in Pinetown. (The Witness)

Members of the Durban flying squad show some of the items confiscated after an alleged card cloner was arrested in Pinetown. (The Witness)

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Durban - An alleged Durban fraudster, who was bust by police at the weekend, had allegedly swindled almost R2m from the bank accounts of unsuspecting victims.

The man from Klaarwater outside Pinetown will appear in the Durban Commercial Crimes Court on Monday after being found in possession of 28 various counterfeit bank cards.

The 24 year-old was nabbed following a tip-off about a card cloning syndicate operating in the area, said police spokesperson Thulani Zwane.

Zwane said the breakthrough was made when police searched the suspect’s house and found 28 bank cards from various banks in the country. Some of the cards were found hidden under the bed and in the ceiling of a bedroom.

All cards were established to be fake after being verified by bank investigators, said Zwane. He said data was retrieved from the man’s laptop, which was allegedly used to download information from a skimming device before being encoded onto new cards.

He said the card encoding device was used to transfer information from an authentic bank card to the counterfeit card.

“The counterfeit cards are then used by the suspects to withdraw funds from the unsuspecting victims’ accounts.”

The Witness recently reported banks have been swindled out of millions of rands this year by an international fraud syndicate that stole card details from restaurant chains, according to the Payments Association of South Africa (Pasa).

Card fraud has been on the rise in the local economy over the past two years, despite efforts to replace magnetic-stripe cards with the more secure chip variation.

South African Banking Risk Information Centre’s CEO Kalyani Pillay was unavailable for comment.


Read more on:    durban  |  cybercrime

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