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new credit card scam!

Arkteia

Ideal_Rock
Premium
Joined
Nov 3, 2009
Messages
7,565
This one is pretty slick. I copied and pasted it because it can happen to all of us.


Visa / MasterCard FRAUD Here is the SNOPES article: http://www.snopes.com/crime/warnings/creditcard.asp


Just a heads up for everyone regarding the latest in Visa fraud. Royal Bank received this communication about the newest scam. This is happening in southern Alberta right now and moving.

This one is pretty slick since they provide YOU with all the information, except the one piece they want..

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. One of our employees 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 last 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 last 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 were 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. 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 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. I dealt with a similar situation this morning, with the caller telling me that $3,097 had been charged to my account for plane tickets to Spain , and so on through the above routine..
 

Madam Bijoux

Ideal_Rock
Premium
Joined
Jul 15, 2005
Messages
5,152
Another good reason to have caller ID and only answer the phone when you recognize the number and name that comes up.
 

JewelFreak

Ideal_Rock
Joined
Sep 3, 2009
Messages
7,768
Thanks for the alert, Crasru! I would've fallen for it. I'm going to send this to my buddies.

--- Laurie
 

tyty333

Super_Ideal_Rock
Premium
Joined
Dec 17, 2008
Messages
22,498
Thanks for the heads-up
 

maplefemme

Brilliant_Rock
Joined
May 12, 2011
Messages
874
I'm with the Royal and I live in Southern Alberta. I haven't had a call yet, but any time I get a call from any institution I'm a customer of I always tell them I'm busy and I'll call back, then I call my main office or branch. This goes for my bank, my phone company, anyone I have business accounts with. It's the easiest way to prevent any such fraud.
A good friend is a corporate and consumer fraud investigator and he says that phone call fraud is the most prolific yet easiest fraud to protect yourself against - just hang up.
 

yennyfire

Ideal_Rock
Trade
Joined
Jun 6, 2010
Messages
6,572
Thanks so much for passing this on! Yet another thing to watch out for.
 

Porridge

Ideal_Rock
Joined
Oct 27, 2008
Messages
3,269
That is pretty slick! How do they have your name, address, telephone number, credit card number and issuing bank information though?!?! Scary.

Thanks for the heads up!
 

lyra

Ideal_Rock
Premium
Joined
Jul 13, 2007
Messages
5,214
Thanks! They can't scam me because I don't answer any phones, but I passed this on to the rest of my family. They actually do answer phones, the sillies. ;))
 

shihtzulover

Brilliant_Rock
Joined
Jun 30, 2010
Messages
717
Thanks so much for posting this!
 

Laila619

Super_Ideal_Rock
Premium
Joined
Apr 28, 2008
Messages
11,614
somethingshiny|1314284576|2999201 said:
You know, I'll never understand how people can be so good at being bad.

:nono:
Yeah, these people need to spend more time making a buck the honest way instead of doing this garbage.

Thanks for the heads up, crasru!
 

rainydaze

Ideal_Rock
Premium
Joined
May 1, 2007
Messages
2,937
great post crasru, thanks for the heads up! i passed it along to friends and family.
 
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