Posted on: 12-06-05 10:41:09
Just received an email about credit card scam..
Peace
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Subject: Credit Card Scam
WARNING...New Credit Card Scam
PLEASE DON'T JUST DUMP THIS, IT COULD BE VERY IMPORTANT!
Note, the callers do not ask for your card number.
This information is worth reading. By understanding how the VISA and
Master Card 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 "Master Card".
The scam works like this: The 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 too 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 Master Card" 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.
Confused. How can the scamster make a purchase only with the 3 or 4 digit security number? Any purchase made over the internet or elsewhere, requires the long 16 digit number to be entered. The security 3 digit number is for just that - added security! It is only after you have entered the main number that you are asked to enter the three digit security code.
Besides the number, you also need to enter your billing address which is then matched against the address of the card.
I am not sure how the scam can really work with nothing more than the 3 digit number?
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Diogenes
====================
The Cynic
Quote:
Orginally posted by DiogenestheCynic
Confused. How can the scamster make a purchase only with the 3 or 4 digit security number? Any purchase made over the internet or elsewhere, requires the long 16 digit number to be entered.
The email that I got was slightly different. It said after you read out the 3/4 digit security code, the caller goes on to ask you to confirm your card number by reading it to him.
That way they get you card number & security code. hmmm.. what about the expiry date.
I already feel like a detective.
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SS
Reiki Grand Master
Quote:
Orginally posted by sudesingh
It said after you read out the 3/4 digit security code, the caller goes on to ask you to confirm your card number by reading it to him.
If someone does indeed read out his card number to an unidentified caller, he deserves to be scammed!
Hey peace, are u scamming us with this story of a scam?
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Diogenes
====================
The Cynic
Quote:
Orginally posted by peace
...You actually say very little, and they never ask for or tell you the Card number. ....
From the OP, it would appear that scamsters have every information including card number, phone number of card holder, address, card issuing bank, date of expiry except the 3/4 digit code that is back of the card and I find it strange!
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Give free food http://www.thehungersite.com ||
Quote:
Orginally posted by bison
http://www.visa.ca/en/personal/shop_cvv2.cfm
bison
What is your point? -----------------------------------------------------------------
Diogenes
====================
The Cynic
