Skip to content
July 8, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

Watch Online
  • Home
  • Business & Economy
  • Terrorists abusing Israeli victims’ credit cards to make purchases after Hamas onslaught
  • Business & Economy

Terrorists abusing Israeli victims’ credit cards to make purchases after Hamas onslaught

Admin October 12, 2023

An illustrative image of a stack of credit cards. (alexialex; iStock by Getty Images)

An illustrative image of a stack of credit cards. (alexialex; iStock by Getty Images)

 

Hamas terrorists have allegedly stolen credit cards from Israeli victims to make purchases after launching their murderous rampage on Saturday, which has left more than 1,000 civilians dead and wounded thousands more.

This was revealed even as global tech companies including Microsoft and Google have condemned the attacks by terrorists.

“Due to the security situation, we have seen cases where credit cards and bank account information are being misused,” the Bank of Israel said in a statement.  “These situations have been dealt with since the outset by professionals at the Bank of Israel.”

According to Hebrew media reports, credit cards were stolen from Israelis who were brutally killed, as well as from those who were taken hostage by Hamas, and those who fled their homes.

The central bank said that it has established a special Banking Supervision Department team to work in cooperation with government and security personnel to handle the credit card theft cases.

In cases when it is known that the account or credit card of the Israeli victim is being used, family members can contact the bank or credit card company in order to freeze activity, the central bank said.

“The Banking Supervision Department has instructed the supervised entities to act in such a situation to freeze the account, utilizing the necessary risk management and conducting a rapid identification process that is adapted to the situation,” the central bank said.

“We emphasize that… when a means of payment is misused by belligerent actors in order to steal money from citizens, customers’ money is insured and will be returned.”

Following the reports, Israel’s largest credit card company Isracard said in response that it as well as other credit card companies and banks have been monitoring the issue from the onset of the war and are working in full coordination with security agencies, civil organizations and private individuals in order to block cards and freeze accounts if necessary.

“It should be emphasized that as of this moment no official list of missing persons has been received from the State of Israel and therefore we are only basing ourselves on reports from families, communities and authorized security forces,” Isracard said.

Isracard said it has opened a hotline for inquiries and confirmed that credit cards that have been misused will be credited.

“The Banking Supervision Department, the commercial banks, and the credit card companies are constantly monitoring the situation, and call on the public to obtain assistance on these matters as necessary, whether by contacting the financial institution where the account is managed or by contacting the Banking Supervision Department’s special call center,” the central bank said.

The central bank urged those who are concerned about credit card misuse to notify their financial institutions so that the cards can be frozen and to prevent damage to their accounts.

.-Times of Israel

 

Tags: Credit cards Hamas Isracard Israel

Post navigation

Previous Umahi issues 14 days ultimatum to contractors to return to site
Next Tinubu appoints RCCG pastor as new EFCC Chairman 

Related Stories

Dangote to fund proposed Kenya refinery with cash, bonds and an IPO
  • Business & Economy

Dangote to fund proposed Kenya refinery with cash, bonds and an IPO

July 8, 2026
Nigeria’s UTM secures gas supply deal, clears key hurdle to $3 billion LNG project AKK
  • Business & Economy

Nigeria’s UTM secures gas supply deal, clears key hurdle to $3 billion LNG project

July 8, 2026
How Tech Multinationals HPE, IBM Undermine Nigeria’s Digital Ambition, By Ola Adegbite
  • Business & Economy

How Tech Multinationals HPE, IBM Undermine Nigeria’s Digital Ambition, By Ola Adegbite

July 8, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

AfDB, Nigeria, UN women inaugurate gender equality roadmap to 2030 Africa
  • National News

AfDB, Nigeria, UN women inaugurate gender equality roadmap to 2030

July 8, 2026
Alleged money laundering: EFCC arraigns ex-Port Harcourt Refinery Ltd MD Scammers
  • National News

Alleged money laundering: EFCC arraigns ex-Port Harcourt Refinery Ltd MD

July 8, 2026
South African police say death of Nigerian man not linked to anti-migrant violence
  • International News

South African police say death of Nigerian man not linked to anti-migrant violence

July 8, 2026
NDLEA destroys 36.2 hectares cannabis farm, recovers N450m worth of illicit drugs
  • Crime and Justice

NDLEA destroys 36.2 hectares cannabis farm, recovers N450m worth of illicit drugs

July 8, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.