Steer Clear Of The Newest Credit Card Scam - Stealing Your Card Verification Code. - 0 views
started by Whitaker Morgan on 24 May 13
started by Whitaker Morgan on 24 May 13
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My Badge number is 12457. Your card has been flagged for an unusual purchase pattern, and...
That scam begins with a call usually your own house. The callers don't ask for your card number, they have it. By focusing on how the VISA & MasterCard Telephone Credit Card Scam works, you will end up better prepared to protect your self or staff.
The fraud works like this: Person calling says, "This is (name), and I'm calling from the Security and Fraud Department at VISA.
My Badge number is 12457. Your card has been flagged for a silly purchase pattern, and I'm calling to examine. This could be in your VISA card which was granted by (name of bank). Did you acquire an Device for $497.99 from a
Advertising organization located in Arizona?"
When you say "No", the owner remains with, "Then I will be giving a credit back. This can be a organization we've been watching and the costs range from $297 to $497, just under the $500 purchase pattern that flags many cards. Before your next statement, the credit will undoubtedly be sent to (gives you your target), is that correct?"
You say "yes." The owner continues - "I will be starting a Fraud investigation. If you've any questions, you should contact the 1-800 number listed on the trunk of one's card and require Security.
You will need to make reference to this Get a handle on Number. The caller then gives a 6 digit number to you. "Do you'll need me to see it again?"
Here is the ESSENTIAL part on what the scam works. The caller then says, "I have to verify you are in control of one's card." He'll request you to "turn your card over and search for some numbers." There are 7 numbers; the first 4 are part of your card variety, the next 3 are the CVV numbers appstar financial fraud that verify you are the owner of the card.
They're the figures you sometimes use to make Internet purchases to prove you've the card. The caller may ask the 3 numbers to be read by you to him. After you tell the 3 numbers to the caller, he will say, "That is correct, I just needed to verify that the card hasn't been lost or stolen, and that you still have your card.
Are you experiencing every other questions?" After you say No, the caller then thanks you and states, "Do not hesitate if you do to call back. and hangs up.
You really say very little, and they never request or tell you the Card number.
What the scammers want is the 3-digit PIN variety on the back of the card. Don't give it in their mind. As an alternative, tell them you'll call VISA or Master card directly for verification of these discussion.
Your credit card company will never require anything on the card as the information is already known by them because they issued the card! If you give your three Digit PIN Number to the scammers, you think you are receiving a credit. However, by the time you get your statement you'll see charges for purchases you didn't make, and by then it's almost too late or maybe more difficult to really file a fraud report.