CYBER CRIME: How POS MACHINE Is Being Used For Fraud ! VOID transactions.

CYBER CRIMINALS have come up with yet another way to use card details to steal money, investigators have said. Cases have come to light where fraudsters have used credit card swiping machines, such as the ones in use in stores, for fraudulent transactions.
Until now, criminals, after obtaining victims’ credit card details, would use the information to make online transactions. But with the new way, they can use the details to obtain cash.
An officer with the Cyber Crime Investigation Cell (CCIC) said during a recent raid at a hideout used by a Rajasthan-based cyber-crime gang, investigators found several point of sale (POS) machines. Probe revealed the gang had claimed to have been running a shop. “They had actually paid Rs 30,000 to rent a place in order to get the POS machines,” the officer said.