Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» ##FUN TOONS###
by ruwan326 Today at 9:14 am

» Financial Reports Q-3 2018
by ruwan326 Today at 9:09 am

» FOREIGN NEWS
by ruwan326 Today at 8:30 am

» CROSSINGS TODAY
by ruwan326 Today at 8:24 am

» Daily Foreign Transactions
by ruwan326 Today at 8:22 am

» JINS - BFN DELAS 100% SURE මතකද . ජනශක්ති GENERAL සමාගම වික්ක හැටි - එක පාරටම
by ruwan326 Today at 8:21 am

» BFN ගනු දෙනුව වෙනවා ..
by ruwan326 Today at 8:10 am

» රැවටෙන්න එපා ..විකුන්නන එපා ..ණයට ගන්න එපා .BFN - JINS එකතු කරන්නා හෙට දිනනනවා
by sanjulanka Today at 8:09 am

» News Behind CTCE.N0000 Running?
by crs Yesterday at 6:08 pm

» SRI LANKA @ 2020
by ruwan326 Yesterday at 9:36 am

» NDB declared ‘Bank of the Year’ by The Banker, UK
by ruwan326 Yesterday at 8:41 am

» NDB wins Banking Sector National Business Excellence Award 2018
by MarketWch Mon Dec 10, 2018 5:33 pm

» Market will RISE expecting a MR Led new government
by samaritan Mon Dec 10, 2018 1:52 pm

» CSE THIS WEEK
by ruwan326 Mon Dec 10, 2018 11:37 am

» Summary of Key Announcements during the week
by ruwan326 Mon Dec 10, 2018 11:25 am

» No worries about BFN Deal .i
by ruwan326 Mon Dec 10, 2018 11:21 am

» CSE WEEKLY
by ruwan326 Mon Dec 10, 2018 11:13 am

» Dealing by directors
by ruwan326 Mon Dec 10, 2018 10:55 am

» ALHP WILL MOVE UP from next MONDAY
by aklt Mon Dec 10, 2018 10:47 am

» ඔරියන්ට් ෆ්යිනැන්ස් -විකිනීම ස්තිරයි - අද ද අයිලන්ඩ් පුවත් පත බලන්න 2020 වෙනකම් පුලුවන් නම් තියා ගන්න - අදහා ගන්න බැරි ආදායමක් ලබන්න
by ruwan326 Mon Dec 10, 2018 10:33 am

» @RANFERDI, YAhapalan, In which list are you? Puravesi Lithro List, or Kiriella List or other list
by ranferdi Mon Dec 10, 2018 9:06 am

» #PM Crisis#
by ranferdi Mon Dec 10, 2018 9:05 am

» Stocks don’t go up and stay up because of stories, tips, or people’s opinions
by ruwan326 Mon Dec 10, 2018 9:00 am

» FINANCIAL INSTITUTIONS IMPAIRMENT COST
by Yahapalanaya Sat Dec 08, 2018 11:10 pm

» MONTH PEACE & HAPPINESS
by Ryan Hudson Sat Dec 08, 2018 6:40 pm

» JINS NO DEAL YET - BFN IS ON AND POSITIVE -CHECK THE COMPNAY ANNOUNCEMENT CAREFULLY - NO NOTHING ABOUT BFN
by kalu351 Fri Dec 07, 2018 10:03 pm

» Will ALHP be eliminated from the CSE?
by wisdom79 Fri Dec 07, 2018 8:41 pm

» Is TKYO.N0000 a Sleeping Giant
by aklt Fri Dec 07, 2018 7:52 pm

» FINALY – BFN – TAKE OVER NEWS IS OUT OFFICIALY -DONT SELL BELOW 20 TRY TO BUY AT CURRENT 15-17 LEVELS
by Equity Suda Fri Dec 07, 2018 12:57 pm

» PLAYERS PICK OF THE DAY
by ruwan326 Fri Dec 07, 2018 7:39 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » The manipulators of credit card scam at HNB and Nations Trust Banks nabbed:

The manipulators of credit card scam at HNB and Nations Trust Banks nabbed:

Go down  Message [Page 1 of 1]

milanka

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Found this News on a Web site about Credit Card SCAM , may be useful to You all.
Details below :

It is to be seriously found whether how safe is to use a credit card in Sri Lanka. The owners of the credit cards have now developed a fear with regard to the usage of credit cards. The secret numbers embedded on the black strip on the reverse card all data needed to operate a credit card of a third party have been very shrewdly substituted into new credit cards with the aid of instruments called ‘encoders’ and ‘decoders’ have been brought to light.

This operation had been manipulated by a group of unscrupulous elements through the assistance of a person who is given the authority to delver credit cards to the absolute owners with high trust and confidentiality.

Several complaints have been received by the CID that a sum amounting to Rs 15 Lakhs have been withdrawn from a number of credit cards issued to a number of clients of the Hatton National Bank and the Nations Trust bank.

The CID and Police investigations had revealed that the scam had been initially commenced with the aid of a person deployed to deliver the credit cards after renewal after two years to the respective clients of the two banks.

Before the courier service employee is given the card for delivery an Operations Manager delivers the credit card to the IT specialist the person who had masterminded the entire operation, supposed to be very competent in IT and its operations. The secret data engrossed on the black strip on the reverse of the renewed are captured by him and get them engrossed into new cards which he has had in his possession. Once a new credit card with correct bank’s secret details is completed, it is produced at Petrol sheds and super markets. They never get rejected as the original secret numbers have been used in these cards.

It had also revealed that petrol shed employee also had been involved in these fictitious transactions. Three persons had been used to come in a three wheeler and had agreed to hand over to him credit card payments bills for cash collected. Through this exercise the petrol shed employee was paid a sum of Rs 15,000/- for Rs 30,000/ worth of fictitious credit card receipts for his balancing purposes. This confession had been made by the petrol shed employee.

The card before delivery are handed over to a person in Mattakkuliya, Reginald Marks who is an IT specialist who manipulates with 8 other persons to make fictitious credit cards. The Operations Manager of the courier company Loganathan and a credit card data collecting person Alherman Hariharan have been apprehended along with the rest. They had changed the data into their card with the help of ‘encoders’ and ‘decoders’
They have successfully transferred the data into their blank credit cards and they start operating once the cards are made ‘active’ by the owners of the true owners of the credit cards. The Police had apprehended 8 persons involved in the racket along with a number of ‘encoders’ and ‘decoders’.

http://www.english.gossiplankanews.com/2012/06/hnb-natons-trust-banks-credit-cards.html

http://forum.srilankaequity.com/u188

traderathome

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
wow this should see some negative sentis on both counters Very Happy all depend on how traders perceive this article Very Happy

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum