Categories
Uncategorized

Globe and Mail: BC hit by debit card fraud

Jane Armstrong reports on debit card fraud in British Columbia — similar to earlier losses in the Montreal area.

Police in Montreal said debit-card fraud is skyrocketing, accounting for $37-million in losses this year, compared with $4.5-million in credit-card fraud. They say debit-card fraud there has jumped 25 per cent in the past year. Canada’s banks won’t say how much they have lost to debit-card fraud, but they’re eating the losses. Fraud victims have been compensated and the banks don’t want the thefts to scare people off using their cards.

This site uses Akismet to reduce spam. Learn how your comment data is processed.