Do Not Throw Away Expired Credit, Debit Cards, Here’s Why

The Logical Indian

February 1st, 2016 / 2:03 PM

Source: indiatoday | Image Courtesy: businessinsider

A new method of conning ATM card users has been busted by Dadar Police station. The culprit whom the police have nabbed, used to collect discarded credit and debit cards, then activated them with fresh user data. The accused, Nasir Ansari, bought discarded credit, debit cards from ragpickers, pickpocketers before loading them with genuine account data using Data reading machines. He siphoned off lakhs of rupees using this process.

Assistant Police Inspector, Deepali Kulkarni, Dadar Police Station said, “Ansari was on the police radar since December, when he fraudulently withdrew cash from an ATM in Chembur. The local police forwarded his CCTV images to ATMs across the city, so on Monday, when Ansari entered the IDBI ATM opposite Siddhivinayak temple around 11.55 pm, the security guard instantly recognised him.”

“Ansari would connect the laptop to the DRM and swipe the dummy cards, erasing all the old data on them. He would then swipe the cards again to upload data belonging to a completely different user. The mastermind had provided Ansari with a whole list of users and their card details, along with the ATM PIN numbers. The police are yet to confirm how the racketeers got hold of confidential card details of the victims.”

nasir-ansari-story_647_012916113455Image Courtesy: indiatoday

Ansari had made at least 25 such transactions in the past four months, with each transaction siphoning off about Rs 1 lakh from the victims.

Deepali Kulkarni said “Ansari worked on a commission basis. He got 10 per cent of each transaction. He got into this crime due to his drug habits. We are investigating about who else is involved in the fraud,”

Read More At: indiatoday


Contributors

Edited by :

Share your thoughts..

Related Stories

SBI Credit Card Fraud

Over 2000 SBI Credit Card Holders Duped Of Rs 5 Cr, Police Arrests 30 People Including The Mastermind

At Least 50 Duped Of Lakhs Of Rupees After Swiping Cards At Tampered HDFC ATM In Gurgaon

Gujarat: Three Men Use Rubber Thumb Impression For Aadhaar Details Tampering; 2 Arrested

ATM Fraud

Delhi Cop Loses Rs 2.65 Lakh In ATM Fraud

Cloning ATM Card

Pune: Restaurant Cashier Arrested For Cloning ATM Cards By Noting Down Customers’ ATM Pins

After Saying No To Card Payments Due To Losses, Fuel Pumps Finally Agreed To It

Latest on The Logical Indian

News

Single Mothers Are Not Obliged To Disclose Father’s Name In Birth Certificates: Madras HC

News

Hapur Lynching Survivor Waits For Police To Record Statement, Says Can Identify Accused

My Social Responsibility

An Online Memorial That Honours Those Who Once Wore The Indian Military Uniform

My Story

My Story: I Was Sexually Harassed On A Train & People Said It Happened Because I Was Travelling Alone

Fact Check

Fact Check: No, Uttarakhand Govt Won’t Charge For Helicopter Rides During Rescue Missions

News

Irony: Centre Might Amend Right To Information Act Without Prior Information

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.