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Jakarta Post

Why we are losing the war against payment card fraud

  • Hendi Yogi Prabowo
    Hendi Yogi Prabowo

    Director of the Center for Forensic Accounting Studies at the Islamic University of Indonesia

Yogyakarta   /   Wed, April 11, 2018   /  11:16 am
Why we are losing the war against payment card fraud The Jakarta Police show confiscated evidence of ATM skimming incidents at the police headquarters in South Jakarta on Apr. 3. M (Tempo/M Taufan Rengganis)

The string of ATM card skimming scams has once again brought Indonesian payment card security into the spotlight. A number of skimming cases involving perpetrators from overseas have been uncovered by the authorities. For example, five Romanian and Hungarian nationals were recently arrested for allegedly being involved in fraud targeting the customers of a state-owned bank, Bank Rakyat Indonesia (BRI), in Kediri, East Java. 

The bank appears to be not the only targets in Indonesia as two other state banks, Mandiri and Bank BNI, were also scammed by foreign fraudsters. The offenders are allegedly part of a crime syndicate that executes their schemes across different jurisdictions.

As stated in various mass media outlets, the string of skimming cases are considered by many experts as a wake-up call for the Indonesian banking industry to strengthen their d...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.