Fraud

Customers of Vodafone are to be screened via Datanomic's Director Sanctions/PEP (Politically Exposed Persons) Screening tool. The two companies signed the corresponding agreement.

Money Transfer service provided by Vodafone is intended for customers from developing countries and migrant populations who need the instrument for sending money back home. According to the figures reported by the statistics overseas migrants made money transfers amounting to $93 billion just to Africa alone.

Today development pace of electronic commerce is so high that a number of market participants are on happy roll thanks to such a headlong growth. Just look at the figures characterizing the growth of e-commerce turnovers in China – market of the celestial country grows for 110% a year starting from 2002.

The Internal Revenue Service cautions taxpayers to be on the lookout for a new wave of scams using the IRS name in identity theft e-mails, or phishing, that have circulated during the last two months.

In May and June alone, taxpayers reported almost 700 separate phishing incidents to the IRS. In 2008 so far, taxpayers have reported about 1,600 phishing incidents to the IRS.

The worldwide internet auction giant eBay and the biggest online payment processor PayPal are starting "a collaborative effort with Google’s webmail service Gmail to better protect consumers against fraudulent e-mails and phishing attacks. Starting today, eBay and PayPal customers with Gmail accounts will have a safer e-mail experience because they will receive fewer fake e-mails claiming to be sent by eBay and PayPal."

According to the data from the latest reports by Saga the UK young cardholders are most likely to become victims of credit card fraud.

In view of high increase of credit card frauds for the past several years consumers are being constantly warned to be more cautious and careful when disposing their credit card accounts and information.

The latest data from the Unisys Security Index prompt that New Zealanders are more relaxed about security issues than most of the rest of the world.

On a globe level identity theft and financial fraud represent top concerns and take first or second place in the list of the surveyed range of security issues while in New Zealand the index has declined seven points since August 2007.

Customers in the US are making complaints against scammers who use MoneyGram wire transfers to rob residents from Idaho and elsewhere from their money.

In view of the fact MoneyGram Payment Systems made a decision to fund a $1.1 million national consumer awareness program.

In addition to other measures MoneyGram is going to provide prominent warnings about fraud on forms people fill out when wiring their money. The forms will be available both in English and Spanish.

All corporate entities or individuals in China having online businesses are required to register with the administration starting Aug. 1. The Beijing Administration for Industry and Commerce (BAIC) obliges online businesses making profit from their sales in the Internet to pay taxes. This is not to be applied to people who sell or swap personal goods not for profit.

Latest report suggests that taking the advantage of the credit crunch scammers use financial spam to twist UK internet users and the risk is increasing.

As per the study a large number of fake outfits are functioning on the territory of the UK under the cover of offering pre-approved loans and credit cards.

In Canada the daily amount of funds to be withdrawn from automated banking machines will be reduced by the Bank of Montreal. The action is directed to decrease fraud cases.

Thus the previous limit that amounted to $1,000 will be cut to $500 per day, according to the statement of BMO director of communications, Ron Monet.