Wednesday, February 05, 2003

Joint accounts targeted for bank fraud       

This morning De Financiële Telegraaf reports a new fraud method. Robbers send in a form in which they become the joint owner of an account. Not an easy fraud, as it requires forgery of identity papers, obtaining account information/signature of the legitimate account owner as well as control over the delivery/receipt channel. Yet, a number of incidents occured where fraudsters received a debit-card and pin-code on the 'joint account' that was then plundered. Procedures at the Postbank (where the fraud has first been observed) have now been tightened.