Visa / mastercard scam - for your information

Billy The Kid · 24th October 2010, 03:51 PM

New Scam, this email was sent out by a company my mate works for.

Thought i'd share it with you

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 London ?" 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 0800 number listed on the back of your card (0800-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 - 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 MasterCard 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 .

black-cat · 24th October 2010, 03:54 PM

I was expecting another eighteen year old european chick thread mesel like

Waxon · 24th October 2010, 03:55 PM

urban myth or Urban legend

http://anyn.wordpress.com/2006/12/26...nd-urban-lore/

Farralad · 24th October 2010, 04:05 PM

Waxon · 24th October 2010, 04:37 PM

Billy when did you get the E-mail?

bramble is god · 24th October 2010, 04:40 PM

Quote:

Originally Posted by black-cat

I was expecting another eighteen year old european chick thread mesel like

You suffered from that scam too?

joemcdokes · 24th October 2010, 05:00 PM

The thing with the 3 digit number on the back of a card I don't get is when you give your details over the phone to purchase something they ask for it.
So if I was into fraud I would just get someone in on it who works for a such company.

What Barclaycard do which is good is they make sure you have made a purchase by phoning you up and asking you, real issuers never ask you for your security number.

I thought everyone knew that.

Billy The Kid · 24th October 2010, 05:03 PM

Quote:

Originally Posted by Waxon

Billy when did you get the E-mail?

yesterday mate

AgelessStranger · 24th October 2010, 05:07 PM

That is a very long winded way of saying... "Never give out information to people unless you know exactly who they are". People who ring YOU should never and will never ask you for your 3 digit security code.

Waxon · 24th October 2010, 05:58 PM

Quote:

Originally Posted by AgelessStranger

That is a very long winded way of saying... "Never give out information to people unless you know exactly who they are". People who ring YOU should never and will never ask you for your 3 digit security code.

Knew it was Urban Legend straight away, mods should know better