Rubiconic Crossings
10-01-2008, 18:45
http://uk.news.yahoo.com/afp/20080110/tuk-britain-banking-fraud-company-barcla-a7ad41d_1.html
Barclays ripped off by impostor chairman
AFP
AFP - Thursday, January 10 02:10 pm
LONDON (AFP) - A scheming conman walked off with a bagful of cash from Barclays, by posing as its chairman, the bank admitted Thursday.
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The fraudster marched into a Barclays branch and sauntered out with 10,000 pounds from the account of Marcus Agius, 61.
It is believed the conman used the Internet to get the bank chief's personal details, then fooled call centre staff into issuing a Barclays credit card in his name.
Barclaycard has reimbursed Agius, who earns 800,000 pounds a year plus perks.
"It was down to human error, procedures were not followed fully and we have learned from it," a Barclaycard spokesman told AFP.
"This is an ongoing battle with professional fraudsters, in which we constantly review and refine the way we work to protect all our customers.
"All Barclays customers have a 100 percent fraud guarantee as long as they take reasonable care of their information."
Agius said: "Credit card fraud is an issue which our industry continues to confront. Barclays is resolved to do everything possible on behalf of our customers to minimise its impact."
Newspapers said a new system of codes and passwords for senior executives was implemented to prevent a repeat, while bank chiefs were said to be "burning up" with embarrassment.
Identity fraud has become a significant issue for banks, particularly now that many people put their personal details on social networking websites.
Around 1,350,000 people in Britain have their identity stolen each year, costing the country 1.7 billion pounds, the Daily Mail reported.
ID Theft - Its not just for Christmas.
Seriously though...Its a massive issue and I would advise people to be very careful with personal information on the internet.
It is a problem and there is a decent chance you could get zapped as well.
Mitigate That Risk!
/Honey roast parsnips....mmmmmmmm!
Barclays ripped off by impostor chairman
AFP
AFP - Thursday, January 10 02:10 pm
LONDON (AFP) - A scheming conman walked off with a bagful of cash from Barclays, by posing as its chairman, the bank admitted Thursday.
(Advertisement)
The fraudster marched into a Barclays branch and sauntered out with 10,000 pounds from the account of Marcus Agius, 61.
It is believed the conman used the Internet to get the bank chief's personal details, then fooled call centre staff into issuing a Barclays credit card in his name.
Barclaycard has reimbursed Agius, who earns 800,000 pounds a year plus perks.
"It was down to human error, procedures were not followed fully and we have learned from it," a Barclaycard spokesman told AFP.
"This is an ongoing battle with professional fraudsters, in which we constantly review and refine the way we work to protect all our customers.
"All Barclays customers have a 100 percent fraud guarantee as long as they take reasonable care of their information."
Agius said: "Credit card fraud is an issue which our industry continues to confront. Barclays is resolved to do everything possible on behalf of our customers to minimise its impact."
Newspapers said a new system of codes and passwords for senior executives was implemented to prevent a repeat, while bank chiefs were said to be "burning up" with embarrassment.
Identity fraud has become a significant issue for banks, particularly now that many people put their personal details on social networking websites.
Around 1,350,000 people in Britain have their identity stolen each year, costing the country 1.7 billion pounds, the Daily Mail reported.
ID Theft - Its not just for Christmas.
Seriously though...Its a massive issue and I would advise people to be very careful with personal information on the internet.
It is a problem and there is a decent chance you could get zapped as well.
Mitigate That Risk!
/Honey roast parsnips....mmmmmmmm!