Educated fraudsters carry out in-depth ATM and online scams

EDUCATED fraudsters have enough know-how to use complex mathematical calculations to imprint genuine but unissued bank numbers onto fake credit cards.

In-depth knowledge of Europe’s banking system garnered from students they send through university is enabling these criminals to carry out widespread cash machine and online fraud.

By targeting online retailers or shops without modern chip-and-pin terminals, the cheats can use the cards as if they were originals belonging to genuine consumers.