Fraudsters who skimmed credit and debit cards in Sydney have moved their operation to Melbourne to use counterfeited cards to drain their victims’ bank accounts.

The three men are believed to have many of these counterfeited cards, skimmed from EFTPOS and ATM machines in Sydney, as well as the corresponding PIN numbers. Although no Melbourne residents have been victimised as of yet, the unlucky Sydney banking customers’ accounts have been drained to the last penny.
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Online thieves steal $115 billion each year. They snitch information from Internet banking and social networking sites, utilising whatever means it takes to obtain the data they seek. If that means exploiting the Haiti earthquake victims, then that’s what they do.

Here are the four most popular methods of stealing online personal data.
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Holiday shoppers kept their credit cards in their wallets, waiting for post-Boxing Day discounts, as December retail sales fell an astonishing −0.7% from November’s levels, adjusted for seasonal variations.

Two days ago, the Reserve Bank of Australia kept interest rates on hold at 3.75%. However, in the final quarter of the year, the central bank raised rates three consecutive times, and the effects were felt by retailers large and small.
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