A network of fraudsters stealing credit cards from the UK was uncovered by an investigative News team of BBC recently.
The Reporters posed as fraudsters and bought valid credit cards bearing UK names and addresses from a man in New Delhi.
The vendor promised to supply his "clients" with more of credit and debit card details every week. The transaction was capture on camera hence compelling in evidence.
A Call for global cooperation in data protection
It is worrying to note that the vendor alleged that he obtained some of the credit card details from call centres. Sadly, people who gave out details of their credit cards in process of buying computer equipment, or mobile phones - had their details recorded and sold out to the syndicate who would later sell them out.
It is a dangerous phenomenon if consumers cannot depend on call centres to keep their privacy. This is certainly not good for commerce.
The story reveals the need for global action against data fraud. Most countries like India do not have data protection legislation or the political will to enforce them.
It is important that all countries sign up to, and enforce international Privacy law and Business. This crucial especially at a time that e-commerce is fast growing.
Stiffer regulations and sanctions must be applied to call centres engaged in data malfeasance as well as proactive monitoring through the telephone system to track and trap such calls.
David Swan
david.u.swan@gmail.com
http://www.thinkingmoney.org
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