Bank Fraud

[ASB]

Did you use your card at some dodgy cash-machines? This is usual practice for "cloning" your card and after that they can extract your money quietly...

Not as far as I am aware, but in that case they would only be able to submit charges - this appears to have been a transfer from the account not a debit to it.

[darmstadt]

Hello My Very Good Friend,

First, I'm soliciting your utmost confidenciality in this Transaction.I am DR KELVIN GREEN,the foreign Operations Manager Citi Bank Plc.One of our customers who bears the same last name with you, a national of your country, who used to work with Chevron Oil Producing Company in Nigeria that died On the 26th of December 2003,on the single reason of visiting his in-laws. His wife{A LEBANESE} and their only daughter were involved in a Plane crash on their way home for the holidays and were among the 111 people confirmed dead. Since then I have made several inquiries to your embassy here to locate any of his extended relatives, this has also proved unsuccessful.

After these several unsuccessful attempts, I decided to track over the Internet, to locate any member of his family or relative hence I contacted you.I'm taking this advantage in order to better my life and that of my family. I have contacted you to assist in repatriating the fund valued at US$20.7 million Left behind by our customer before it get Confiscated or declared unserviceable by our bank where this huge amount was deposited Our bank has issued me a notice to provide the next of kin or have the account confiscated in the next six months. For the fact that I have been unsuccessful in locating the relatives since then I seek your consent to present you as the next of kin to the deceased, so that the proceeds of this account can be paid to you. Therefore, on receipt of your positive response, we shall then discuss the percentage that is coming to me after the money is been credited in your chosen account and the modalities for transfer. I can assist in procuring the necessary information and legal documents that may be needed to actualize this proposal since I will contract the services of our bank accredited lawyer who will legally represent you here. All I require from you is your honest cooperation to enable us see this transaction through. I guarantee that this will be executed under legitimate arrangement that will protect you from any breach of the law.

Please view the WEBSITE:http://www.cnn.com/2003/WORLD/africa...ash/index.html
If this proposal is acceptable by you, kindly get back to me .I want you to also furnish me with your private telephone/fax or preferably your mobile numbers and I will have to apply for the release and subsequent Transfer of the fund in your favour.
Thank you in advance for your anticipated cooperation.

Yours Faithfully,

DR KELVIN GREEN.

Please upon your response include your private telephone and fax
for further and oral communication

[AtW]

Well, security at bank should know if it was done via online banking or not, if someone indeed logged into there then somehow they compromised it.

[_V_]

What is incredible is for a few pounds each customer can be given secure authentication device.

I have an online bank account overseas and it is std practice to issue each customer with one.



Britain, leading 20th century banking technology.

[oraclesmith]

The Internet just exposes your funds to another group of criminals - clever ones at that. Personally I keep away from Internet Banking.

[Joe Black]

What is incredible is for a few pounds each customer can be given secure authentication device.

I have an online bank account overseas and it is std practice to issue each customer with one.



Britain, leading 20th century banking technology.

I've got one or two of those too. Bloody pain in the a*se if you have a number of bank accounts, and if they all start requiring such things your key chain will end up looking like you're an ex-member of the Village People.

Overseas banks, have you ever really tried them?

[lilelvis2000]

Britain, leading 20th century banking technology.

You mean 18th century banking.

[VectraMan]

Barclays will now send you a text message if a bill is paid to a new payee, so at least you'd have known sooner. Which reminds me, I must send off the form.

I think they're also planning on those code devices.

What annoys me is that they don't have a system that ties online banking to a particular PC, or PCs. Some people might want to roam, but for me if I could set access to only be allowed on a machine matching my home PC's hardware configuration, that would be fine. It's not impossible to defeat, but a bit harder than phishing for passwords.

[ASB]

but a bit harder than phishing for passwords.

What worries me is that it has not been phished. I'll check out the text message thing.

[Ardesco]

Barclays will now send you a text message if a bill is paid to a new payee, so at least you'd have known sooner. Which reminds me, I must send off the form.

I think they're also planning on those code devices.

What annoys me is that they don't have a system that ties online banking to a particular PC, or PCs. Some people might want to roam, but for me if I could set access to only be allowed on a machine matching my home PC's hardware configuration, that would be fine. It's not impossible to defeat, but a bit harder than phishing for passwords.

Would be an arse if you wanted to check your account on different machines in the house, or if you upgraded your/bought a new machine.

That being said it would be fairly easy to get them to save a list of NIC MAC adresses that you are allowed to access the system with.
You could have a auth process to add a new MAC code with varying degrees of security, people not fussed can go through the Know Your Customer stuff online, those more paranoid can get a call from the bank to confirm the new MAC code.

Unfortunatly the general unwashed would have no idea what a MAC address is and it would probably cause the bank countless hours of headaches as they tried to explain it all, along with neverending help desk calls. That being said if any bank does decide to do this i want my cut