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Credit Card Scam

Discussion in 'Off Topic' started by Tropo, 23rd Sep, 2005.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    INFO from another Forum... :cool:

    This came from a lady working at Campbelltown Council.

    WARNING...New Credit Card Scam.

    Note, the callers do not ask for your card number; THEY already have it.
    This information is worth reading. By understanding how the VISA &
    MasterCard Telephone Credit Card Scam works, you'll be better prepared
    to protect yourself.

    My husband was called on Wednesday from "VISA", and I was called on
    Thursday from "MasterCard".

    The scam 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 12460 your card has been flagged for an unusual purchase pattern, and
    I'm calling to verify. This would be on your VISA card which was issued
    by (name of bank). Did you purchase an Anti-Telemarketing Device for
    $497.99 from a Marketing company based in Arizona?" When you say "No",
    the caller continues with, "Then we will be issuing a credit to your
    account. This is a company we have been watching and the charges range
    from $297 to $497, just under the $500 purchase pattern that flags most
    cards. Before your next statement, the credit will be sent to(gives you
    your address), is that correct?" You say "yes". The caller continues -
    "I will be starting a Fraud investigation. If you have any questions,
    you should call the
    1- 800 number listed on the back of your card (1-800-VISA) and ask for
    Security. You will need to refer to this Control Number. The caller
    then gives you a 6 digit number. "Do you need me to read it again?"
    Here's the IMPORTANT part on how the scam works. The caller then says,
    "I need to verify you are in possession of Your card".

    He'll ask you to "turn your card over and look for some numbers". There
    are 7 numbers; the first 4 are part of your card number, the next 3 are
    the security Numbers' that verify you are the possessor of the card.
    These are the numbers you sometimes use to make Internet purchases to
    prove you have the card. The caller will ask you to read the 3 numbers
    to him. After you tell the caller the 3 numbers, he'll say, "That is
    correct, I just needed to verify that the card has not been lost or
    stolen, and that you still have your card. Do you have any other
    questions?" After you say No, the caller then thanks you and states,
    "Don't hesitate to call back if you do", and hangs up.

    You actually say very little, and they never ask for or tell you the
    Card number. But after we were called on Wednesday, we called back
    within 20 minutes to ask a question. Are we glad we did! The REAL VISA
    Security Department told us it was a scam and in the last 15 minutes a
    new purchase of $497.99 was charged to our card.

    Long story made short - we made a real fraud report and closed the
    VISA account. VISA is reissuing us a new number. What the scammers want
    is the 3-digit PIN number on the back of the card. Don't give it to
    them. Instead, tell them you'll call VISA or Master card directly for
    verification of their conversation.

    The real VISA told us that they will never ask for anything on the card
    as they already know the information since they issued the card! If you
    give the scammers your 3 Digit PIN Number, you think you're 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 to late and/or
    more difficult to actually file a fraud report.

    What makes this more remarkable is that on Thursday, I got a call from
    a "Jason Richardson of MasterCard" with a word-for-word repeat of the
    VISA scam. This time I didn't let him finish. I hung up! We filed a
    Police report, as instructed by VISA. The police said they are taking
    several of these reports daily! They also urged us to tell everybody we
    know that this scam is happening.

    Please pass this on to all your family and friends. By informing each
    other, we protect each other.
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,623
    Location:
    Sydney, Australia
    I always check these kinds of things out on Snopes, since many of them are hoaxes.

    This particular one was reported back in 2003, so it's not a new one - Security Guard ... interestingly enough, Snopes doesn't rate it as a hoax - although there is no evidence that this has actually occurred, apparently Mastercard have acknowledged that it is plausible that it could happen - and indeed similar fraud has happened in other ways.

    Like everything else these days, I'd suggest we just continue to "be alert, but not alarmed" :rolleyes:
     
  3. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    Sim,
    Very interesting site !.
    "be alert, but not alarmed" = Agree.
    :cool:
     
  4. Simon

    Simon Well-Known Member

    Joined:
    17th Sep, 2005
    Posts:
    520
    Location:
    Newcastle
    I can recall having my credit card closed on me by Visa a few years ago.

    I called them and they said that there was a transaction in Malaysia that alerted them and they suspended the card.

    I reminded them that I lived there at the time and 90% of the transactions over the past year were from Malaysia.

    Took a while to sort out but I guess I should be grateful they had my best interests at heart.

    Cheers,
     
  5. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    The trouble with these so called hoaxes even being published via everyone's email is that they give ppl an idea on how to carry out fraudulent activities in the first place!
    Our credit card has been scammed a couple of times but the bank was onto it almost straight away.
    Ah, the times we live in :)