Initial investigations into the VISA cards scam in Zambia indicate that Information Technology (IT) experts in the banks have been selling codes and passwords to a cartel of crooks.
The IT officials have been selling customer data and other ATM information to a cartel of well-known Lusaka crooks.
When information on VISA cards have been ‘purchased’, the ‘businessmen’ print duplicate ATM cards and then fly to South Africa and Dubai where the massive withdrawals are made.
There is total chaos in the banks as police officers have moved in and the banks are frantically trying to root out the culprits.
One bank official a few weeks ago is said to have reported to police that some conmen went to ask for a CD containing customer data. The police took no action.