Alert in Panama for Credit
Card Frauds
PANAMA - Panamanian authorities are closely
monitoring the situation of credit card
frauds committed in the country, in the face
of an increase of such offense over the last
five years.
According to the Direction of Judicial
Investigation (DIJ) in the period from 2005
to 2009 1,136 cases were reported, most of
them in 2007 (307).
Last year there were officially recorded 203
cases and from January to April 2010, 75
complaints of violations of this kind have
been submitted.
The holder of the DIJ, Javier Carrillo, said
the most widespread method is the so-called
cloning, where criminals duplicated
information from the magnetic stripe of the
card.
Among the procedures identified in the
investigations is also the placing of false
readers in cash dispensers, having access to
user passwords.
In last months the police managed to
dismantle organized groups engaged in such
illicit activity, made up by Colombian,
Mexican, and Venezuelan citizens. |
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