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.

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