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    Industry News: ESG5

      Brazilian Criminal Gang Clones Mastercard Debit Cards Issued by German Bank

      Sep 5, 2019 4:59:47 PM

      2019-09-04

      The Paypers: A Brazilian criminal gang has cloned Mastercard debit cards issued by German bank OLB and withdrew more than EUR 1.5 million from about 2,000 of its customers. Criminals have stolen the funds by cloning customer debit cards and then cashing out user funds across Brazil, despite the original cards being protected by EMV (chip-and-PIN) technology. 

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      Topics:South America

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