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tag: Biometrics

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Risk Management and Technology: Biometric Card Frauds on the Rise: ATM Withdrawal Limits 20 Times Higher - Metropolitan Police Department

According to a Sankei Shimbun report, there appears to be a surge in scams exploiting the fact that using biometric authentication cards increases ATM withdrawal limits by 20 times. The reported modus operandi is as follows: In March, a scam group called a woman in her 70s in Tokyo, asking her to lend her her name to purchase corporate bonds for a nursing home. The woman agreed. Next, they demanded a fee to resolve the issue, claiming that lending one's name is a crime. The woman followed the instructions given over the phone…