Very interesting article. Pay at the pump fraud was new to me
Is the pay at pump one not why visa and MasterCard changed the rules to pre auth the max they can up to ÂŁ100?
I guess so, doesnât seem so crazy now after reading that
Seems like it! Itâs just a shame if you have less than ÂŁ100 on the card to start with, but I guess you can usually go into the shop to pay.
If you donât have ÂŁ100 is pre auths to the available balance. The issue is that occasionally it doesnât release the remaining balance quick enough which is why the retailers were getting flack when the change started rolling out
Great article! Thanks for posting @Rat_au_van . I found that so interesting, thereâs so many ways it can happen.
Iâm pleased to hear how Monzoâs systems appear to be quicker to react that legacy systems. It makes it even more reassuring that banking with Monzo is safe.
Articles like this are good as it makes people more aware and likely to notice these types of fraud going on around them
Well done Monzo for talking about this
Ahh I see, hopefully the fuel stations fix this quickly now this new type of fraud is emerging.
Argh, just made the fatal mistake of reading the comments under the article. Apparently once a piece of software has been written thereâs no need to keep messing about with it
Iâve not heard of many of them, itâs insane the lengths fraudsters will go to to ensure they get access Iâd guessed those dodgy trustpilot reviews were coming from the same group, they keep saying common key words, misspellings, and talking about their âfamilyâ. Emotional blackmail!
Glad Monzo has measures in place to monitor this I know banks often keep each other updated on fraud but if the law doesnât get with the times (see online crimes and bullying, no one seems to know how to deal with reports like this) itâs difficult to hold these fraudsters responsible
@Rat_au_van the comments section on any news site is often not worth reading slightly better than the DM but thatâs the absolute bottom of the barrel really
I love the guardian, itâs my go to source of news however guardian commentors are a special kind of person! (Not as special as DM readers from what Iâve heard though!)
The Estonians are way ahead of the UK on this. Their Police force even have Internet Constables who keep an eye on chat rooms and talk to people being harassed and take crime reports all online. That is their âbeatâ instead of walking the streets like regular cops.
That one person claiming legacy systems are âunhackableâ because theyâve had time to fix all the bugs.
Part of my undergrad dissertation was on online harassment/ stalking faced by female journalists. A lot of the responses when they reported the harassment was âcanât you just turn it off?â not when Twitter is pretty much one of your job tools. Theyâve charged like one Twitter troll but itâs easy to delete an account and disappear. Plus, journalists are often doxxed so the harassment can spread offline
That was a very interesting article, but I find this a little disturbing:
I was shown pictures of one male in his 20s who made four attempts to open an account at Monzo. He was identified as a fraudster on his first attempt. In later attempts his picture changes â it is still him, but with a beard, then a long beard, short hair on top, longer hair on top, and so on. Each time Monzoâs systems identified him â because of his ears. According to Monzo, ear positions are the most difficult thing to fake
Only long haired fraudsters need apply?
My hair covers my ears on both passport and my selfie video. Maybe they know me by my lack of ears, itâll totally confuse them if I tie my hair back
Fantastic insight by Monzo on the current Fraud practices employed, but more impressive is Monzoâs turnaround time in improving their surveillance models etc.
Https://www.theguardian.com/money/2018/jul/07/heres-how-scammers-get-away-with-it
Very interesting read! I find stuff like this fascinating!
The petrol 1 I hadnât heard of, Iâm amazed the police didnât take action against the fraudster who stole 40k, itâs just crazy, theft is theft, whether itâs 40k or 100k.
Thumbs up to Monzo for the work in catching him.
The student 1 I had heard of, itâs been around for a while I believe, other people get involved in it as well.
Moral of the story is that stealing is allowed in the UK as long as itâs under 40k?