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« Identity Fraud Continues to Increase | Main | Major Banks Play Key Role in Payday Loans »

Saturday, February 23, 2013

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Baarr Suvo

You know about fraud-checking calls, of course. Whenever one does something unusual with your cash, like try and close using a house purchase, transfer funds to a close relative who's lost everything although abroad, or buy a major gift for a very wedding day, the transaction is often then a call from the bank, demanding that you verify your identity to them, handing over all varieties of personal information to an overall stranger who's rung you up seemingly unprovoked. Then they tell people that they've noticed a thing amiss, and is your card in your possession, and did you actually just try and transfer one thousand pounds to Lagos?

The particular banks, bless them, are merely trying to prevent sham, but this is a fairly silly way of going about it. For starters, there's the business involving calling up people and asking them to offer you all the information necessary to prove they are indeed a bank customer – all the info that a fraudster must impersonate that person with the bank, in other words. The banks have put in decades systematically conditioning us to offer our personal information to be able to fraudsters, which is a strange solution to prevent fraud. know who calls you. with this http://callnotes.org

But a minimum of this silliness had one saving grace: a fraudster can only make numerous calls per day, and so the scope of losses from this type of programme of bad security education is limited by the human frailties involving con-artists.

Enter the robo-caller. The banks are now outsourcing their fraud prevention to computers that could make dozens of calls in a short time, around the clock, fishing (or phishing) intended for someone who just happened to get made an unusual purchase and is thus willing to spill all his details down the phone to get it accepted. Note that most on the categories of purchase that trigger false positives from fraud detection systems can also be the sort of matter that customers are anxious to view go off without any hitch. The unusual along with the urgent often travel together.

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