Devika: O2/PayPal fraud and the crook’s longevity

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No matter how tight security measures, there always emerges some criminal mastermind who figures out how to break through.

It’s tempting to look back with rose-tinted glasses at a time when you only had to show the name tag on your shirt collar to pass a credit and identity check. Of course, times haven’t really changed so far as the criminal element goes. Only the frauds have become more complicated.

Today, customers must have a credible debit or credit card, a good credit history and pay their council tax, as well as answer a plethora of personal questions and name their first pet and first grade teacher.

Somehow, some way, crooks still get past.

O2 has become a recent victim of fraud, and has lost a significant number of handsets after a scam using fraudulent PayPal debit cards.

O2 was quick to act. It’s been here before, like all retailers punting pay-later subsidies, and is vigilant for such crookery.

But with many other networks still accepting PayPal debit cards, it’s only a matter of time before more retailers come a cropper.

 

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