Monitor your credit cards for fraud after visiting the Dominican Republic - El Dia is alerting credit card holders to closely monitor their credit cards for possible cloning. The newspaper quotes bank security officers as saying that fraud occurs more frequently after cards are used at gasoline stations and restaurants.

El Dia says that to clone the cards, scammers may install a wi-fi modem to the dataphone that simultaneously sends the card code to the transaction authorizing entity (Cardnet or Visanet) and to a computer set up by the criminals. On other occasions, a portable scanner is used to copy the data. In either case, the employees at the business are accomplices.

The banks say that consumers at gasoline stations should not let their credit cards out of their sight.

One bank said that more than 3,000 fraud claims had been received in July.

The bank says that as a security measure, large stores should request the cardholder's ID.




Credit card was cloned

Expert gangs operating in the country do not just forge Dominican currency, but also US dollars, as well as cloning bank cards, according to Central Bank governor Hector Valdez Albizu. He says that as the result of these illegal actions, one of his cards was duplicated some six months ago, although he refused to disclose which bank issued the card or the amount of money that was taken. "My credit card was cloned, they hit me hard," said Valdez Albizu, when he was interviewed at the Presidential Palace yesterday after a meeting with President Fernandez. When he was questioned, the official said that the bank that issued the card took responsibility for the money that was taken out. "This is not the fault of the banks, it's that there are experts here who make a living from fraud, and they manage to forge dollars, and they change a 50 peso note into one of a thousand or two thousand," he said. When asked about the measures that need to be taken in order to tackle the situation, the member of the Economic Team said that the National Police is the institution that is in charge of dealing with these crimes.

Go back | Date: 12 Oct 2011
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