Skip to comments.How Scammers Trick You Into Giving Up That Security Code On The Back Of Your Credit Card
Posted on 04/29/2015 2:26:20 PM PDT by SMGFan
There are a lot of purchases you can make with the information on the front of a credit card. But ID thieves who have the card number, name, and expiration date will still hit a speedbump if they have to enter that (usually 3-digit) security code on the back of a victims card. Notice that we said speedbump and not dead end, because some scammers have figured out how to get this crucial info from their victims.
According to our colleagues at Consumer Reports, the security code scam works by taking advantage of the near-constant news of data breaches that have hit retailers in recent years.
Once a scammer has the main information for the card, they can call the unwitting victim, claiming to be from the bank or credit card network. The caller will say there has been a suspicious transaction alert on that card and asks the victim whether or not they made that purchase.
(Excerpt) Read more at consumerist.com ...
You killed Momma!! d;^)
Half the takeout restaurants in NYC ask you for it. Most websites do.
A few years back I had my credit card company call me to look into a potential fraud abuse. I refused to give them any information as they had called me, and there was no way I could confirm who they were.
I asked them if called the 1-800 number on my card then how could I get to them to continue the discussion? They weren’t sure that would be possible.
They were flabbergasted that I would challenge them.
Eventually I was able to hang up, call the 1-800 on my card and get to an appropriate individual. It turns out that it was really my credit card company that was calling me, and yes there was a fraudulent charge.
Yes! I do the same. When I get a “fraud alert” I make a note of it, and call my company directly. It really baffles the fraud alert people that I am not interested in telling them who I am.
“But we just called you! - “
“Well can you verify - “
“Well are you the cardholder?”
“Who are YOU?”
“I am with XXX.”
“How can I be sure?”
You did the right thing. The telephone is a favorite tool of scammers. I am immediately suspicious of anyone who calls on the telephone even if the caller ID matches. Unless it is family, friends, someone returning a call or someone with an appointment, I don’t want to be called.
You are limited to $50 liability for fraudulent charges against your card.
Be really afraid.
Give them a wrong number
People dumb enough to believe such a thing deserve to be "harvested"
Hi. You don't know me, but can I have your credit card numbers?
Is your name "Rachel", by any chance?
I called them to inform them we/she never had a Verizon acct. and to stop sending us bills.
The woman from Verizon said she needed to verify who I was. She asked for the last four digits of my wife's SS#...I said you tell me yours and I'll tell you hers.
It took a couple of months and finally a complaint to the BBB before they stopped harassing us.
It didn't end until after I filed a complaint with the BBB. I finally heard from someone with a name and she was from the Executive Offices at Verizon.
I said in my complaint that I thought it was a business practice at Verizon to hound the victim of fraud until they paid because that would be easier than going after the crook.
“ Report the suspicious call to the FTC at ftc.gov/complaint or 877-FTC-HELP.”
Yeah, I’m sure that’ll do some good. LOL
Half the takeout restaurants in NYC ask you for it. Most websites do.”
We process credit card payments for our patient’s co-pays but enter-by the keyboard, not a swiping terminal-just their name, card number, expiration date and numbers in the address where their bill is sent and NEVER ever ask for the security code. It amazes me how many people will send us their credit card information by email, including their security code. At least twice a day I offer up a warning telling adults who should know better not to send information by email and never give someone your security code.
Once a month I purchase a credit card type gift card for $300 and use it for any on-line purchases and if we eat out and I’m short of cash. If someone steals the info they won’t get much money.
That's the best advice I've heard about this, ever.
As long as banks will process them -- being untraceable, banks get a little squirrelly. But no need to be worried about it as long as it works.
One of many good arguments for continuing the use of hard currency.
Thanks. Only had a denial once and that was because I forgot to write down a purchase I had made and I was out of money. My credit union offers them with no extra fee which saves $5.95 so it’s all good.
You do need to register them on-line and I always use a fictitious name and address but it does let you keep track of the balance via the internet. I know regular credit cards limit the card holders liability generally to $50 for fraudulent use but that is a huge hassle. Getting a dummy card is just easier for me and controls my spending too.
I got a call some months ago that had no name in the caller ID display, but it had my own phone number!
Visa called and asked if we had purchased over a thousand bucks worth of mountain bike equipment in San Diego. We said
no, they looked into it, found it was fraud from a credit card receipt from a restaurant in town, and the whole thing
went away. The even apologized for having this happen...
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