Fraudsters are defeating retailers’ Chip and PIN with nothing more than a domestic iron and a tin of full fat Ambrosia custard … so a former fraudster told a recent loss prevention conference.
At the Retail Fraud on the Road Show – Leicester, at the King Power Stadium in Leicester on October 10, Sales held a seminar to improve awareness of his new staff training, designed to stop retail staff accepting fake credit cards, ID and documentation.
Sales spent six years on the run for defrauding retailers, finance houses and financial institutions out of £30m through false identities, credit cards and other fraudulent schemes. He is now a reformed character and whilst he is not proud of his title, he is determined to put his skills to use. At his latest seminar, Sales showed a video of how easily fraudsters can create cards for use in scams.
Using an ironing board, a steam iron and a tin of Ambrosia custard, Tony showed the audience how to easily circumvent the security relied upon and create a working card, good for tens of thousands of pounds, in just a few minutes. Of interest, it was suggested to those accepting chip and PIN in their stores.
Tony said: “Once a fraudster discovers a loophole it is shared amongst any gang members so that the fraud can be repeated hundreds and thousands of times. As a fraudster I was always able to think outside the box. Making the most of my specialist fraud expertise, I have now made a career working alongside retailers to combat retail fraud.”
About Tony Sales
He works alongside retail consultancy Retail Knowledge, the organisers of the Retail Fraud events, offering retailers advice on how to reduce shrinkage using real situations involving fraud and identity theft.
