Post by goodgrief on Mar 16, 2015 9:56:29 GMT -5
This is a heads up for everyone regarding the latest in Credit card fraud.
Royal Bank received this communication about the newest scam. This is
happening in the Midwest right now and moving across the country.
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. 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 Scammer wants
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 Scammer 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.
It appears that this is a very active scam, and evidently quite
successful...
Pass this on to all your family and friends
Royal Bank received this communication about the newest scam. This is
happening in the Midwest right now and moving across the country.
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. 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 Scammer wants
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 Scammer 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.
It appears that this is a very active scam, and evidently quite
successful...
Pass this on to all your family and friends