This story is from June 11, 2004

Credit card mafia lands in India

Sitaram recently returned from Kuala Lumpur only to find that someone had misused his Visa card.
Credit card mafia lands in India

MUMBAI: R.K. Sitaram (not his real) name recently returned from Kuala Lumpur only to discover that someone had misused his Visa card and gone on a shopping spree there.
Luckily for him, the fraud was detected quickly. His bank advised him to destroy it and a new one was issued.
So, how was the fraud perpetrated? When Sitaram used his card for paying hotel bills, a staffer swiped the card on a skimmer device and downloaded the code embedded in the card’s magnetic strip.
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The device skims the code which is then used to make a duplicate card.
Sitaram is one many victims whose credit and debit cards are being misused by a mafia whose reach has spread to several south-east Asian countries, especially Thailand and Malaysia.
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