Blog : Credit Card Fraud

Credit Card Fraud

Written by Rohas Nagpal
Friday, 16 April 2010 11:05 - Last Updated Monday, 19 April 2010 09:19
Credit cards are commonly being used for online booking of airline and railway tickets and for
other ecommerce transactions. Although most ecommerce websites have implemented strong
security measures (such as SSL, secure web servers etc), instances of credit card frauds are
increasing. In credit card fraud cases, the victim’s credit card information is stolen and misused
for making online purchases (e.g. airline tickets, software, subscription to pornographic websites
etc).
Modus Operandi 1: The suspect would install keyloggers in public computers (such as cyber
cafes, airport lounges etc) or the computer of the victim. Unsuspecting victims would use these
infected computers to make online transactions. The credit card information of the victim would
be emailed to the suspect.
Modus Operandi 2: Petrol pump attendants, workers at retail outlets, hotel waiters etc note
down information of the credit cards used for making payment at these establishments. This
information is sold to criminal gangs that misuse it for online frauds.
Usual motives: Illegal financial gain
Applicable law (Before 27 October, 2009): Sections 43 and 66 of the Information Technology
Act and section 420 of Indian Penal Code.
Applicable law (After 27 October, 2009): Sections 43, 66, 66C, 66D of the Information
Technology Act and section 420 of Indian Penal Code.
1 / 1