High levels of electronic payment fraud in BRAZIL

When travelling to BRAZIL be sure to remain vigilant when using your UTC Visa Debit Card. Research has shown that high levels of e-crime threat activity have afflicted the South American country and Brazil routinely places in the "Top Five" lists of various global cybercrime rankings. Electronic crime, also known as e-crime or cybercrime, refers to criminal activity that involves the Internet, a computer or other electronic devices. In many instances card information is siphoned off by fraudsters through various malware and shared with other criminal agents all over the world.

Sophisticated technology is also used to create counterfeit cards through skimming. Skimming is the act of using a small device, known as a skimmer, to illegally collect data from the magnetic stripe of a credit or debit card. This information is copied to the magnetic stripe of a blank card, which is then used to conduct purchases at merchants. Pin Hole Cameras are also used at ATMs in order to capture PIN entry of unsuspecting cardholders.

To read the full article on The Operations of a Brazilian Payment Card Fraud Group click here

Remember, when travelling overseas be sure to check in with our travel registry so that we can contact you in the event of an emergency or upon detecting suspicious card transactions on your account. To register your travel details, please visit any one of our Investment Centres, contact us at 625-UNIT (8648) Option 3 from 7:00 a.m. to 10:00 p.m. daily (including weekends and public holidays) or e-mail CardandOnlineServiceRepresentatives@ttutc.com