OT: Fraud At McGill

[Ice Poutine]

Originally Posted by Sir Jacques Demers

Windoz BSOD...

[dre2112]

It's not the guichet that clones the cards, it's the ones you use to buy stuff at the store with. They have a little device that plugs into machine from the cord. It's kind of like a filter for your phone line when you have DSL. It connects from the keypad to the machine. It stores your information as you punch it on there, then they take that info and put it on a card.

I had this problem and RBC caught a guy who was stealing a bunch of NIP #'s and gave me a new card with a different number just in case.

[usernam]

Originally Posted by CdHC

It's not the guichet that clones the cards, it's the ones you use to buy stuff at the store with. They have a little device that plugs into machine from the cord. It's kind of like a filter for your phone line when you have DSL. It connects from the keypad to the machine. It stores your information as you punch it on there, then they take that info and put it on a card.

I had this problem and RBC caught a guy who was stealing a bunch of NIP #'s and gave me a new card with a different number just in case.

Both. I think it's more frequent using the guichet since you don't always need to be in contact with any employee to do it (in a mall, for example). There's a device they install on the guichet which reads/clones your card, and it's not even noticeable.

[ThaDevilGirl]

Are the new cards (carte a puce) more safe? I guess they are since it's not as easy to copy the info, but was this proven?

[Little Nilan]

Originally Posted by Zeroknowledge

some newer devices actually record your pin, I remember reading that article like a month ago. But I wouldn't worry about it, you're accounted for every penny you lose (personal experience), only loser in this would be the insurance company and quite frankly with all the money they collect I'd love to these companies losing billions not millions.

That's pretty pathetic considering most of those companies are publicly owned by regular folks like you and me through the market(single investors, mutual funds/institutions). We'd be the ones losing all that money in the end, since a hit of a couple of thousands for us is a lot harder to take than a few million for a multi-billion dollar company who invested in insurance.

[Zeroknowledge*]

Originally Posted by Kevin Kautsitsin

That's pretty pathetic considering most of those companies are publicly owned by regular folks like you and me through the market(single investors, mutual funds/institutions). We'd be the ones losing all that money in the end, since a hit of a couple of thousands for us is a lot harder to take than a few million for a multi-billion dollar company who invested in insurance.

FRom previous experience in the insurance field, let me tell you something, as a worker if you wanna get promoted and get the max bonuses possible, it's simple you have to find ways, loopholes from preventing people of getting their claim. They collect insurance from us on a monthly basis for various reasons, but whenever they need to pay they will do their absolute best to prevent you from receiving a penny.

And that is how insurance companies are able to cut huge profits year after year, and we're not talking about small firms here, remember those are banks, their insurance policies are tied with some of the world's elite.