28 December 2011

Cyber Crime: Man arrested for credit card fraud

LAHORE: The Federal Investigation Agency’s (FIA) National Response Centre for Cyber Crimes has arrested a man allegedly involved in making and using counterfeit credit cards by hacking card holders’ data. The investigators suspect involvement of some NADARA officials in the crime.

An FIA official told The Express Tribune that the accused, Tanveer Iqbal, obtained computerised national identity cards (CNICs) data possibly with help from some Nadra officials, to produce fake credit cards in his name and names of his accomplices. The official said that the criminals used CNICs that were returned to Nadra for correction of spellings, date of birth and address.

The gang members hacked credit cards using data on the CNICs and used them for larger transactions. He said the gang members had a digital device through which they transferred their data on blank credit cards.

The gang used magnetic strip read and writing (MSRW) machine to rewrite data on credit cards.

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