
From the cases that stand out in this category of fraud are emails stating to be from the National Commission for the Defense and Protection of Financial Service Users (Condusef, for its Spanish initials) or from renowned banking institutions. These emails, which appear almost 100% identical to those of the respective institutions, ask for personal data and card numbers, stating that said cards have been blocked and that, as a result, the information needs to be renewed; something that, according to these emails, will happen once the private information is provided. Thereby, any web user without knowledge of this fraudulent maneuver will be exposed to becoming a victim of the reliable looking email and end up giving away their money to the data delinquents. Condusef has stated that it does not send emails and is unable to block cards and banks are unable and do not need to solicit information they already have.
With over 24.9 million credit cards and 83.3 million debit cards operating in Mexico, the risk is enormous. It does not matter how much time and effort is dedicated to offse-tting the hacker culture, digital pirates will always find more effective mechanisms to get a hold of others' goods. "A hacker will always be ahead of crime prevention and specialization" states Miguel Angel Corro, director of the Administration and Finance Department at the Tecnologico de Monterrey, a Mexican university.

Now, the repercussions of this type of crime have not only effected individuals and their financial future, but also the…Continue reading article here
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