Jun 18, 2017

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How To Avoid The Latest Credit Card Scam – Stealing Your Card Verification Code.

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 12457. Your card has been flagged for a unique purchase structure, and…

That scam begins with a telephone call usually your own house. The callers do not require your card number, they curently have it. By understanding how the VISA & MasterCard Telephone Bank Card Scam works, you’ll be more prepared to protect yourself or staff.

The scam works like this: Person calling says, “This is (name), and I am calling from the Security and Fraud Department at VISA.

My Badge number is 12457. Your card has been flagged for a silly purchase design, and I am calling to examine. If you think any thing, you will probably require to research about http://www.purevolume.com/listeners/wakefulpatchwor69/posts/6587941/Whiplash+Compensation+Claim+-+Take+These+Actions. This would be on your VISA card that was released by (name of bank). Did you get an Device for $497.99 from the

Marketing company located in Arizona?”

When you say “No”, the owner continues with, “Then we will be issuing a credit to your account. This can be a company we have been watching and the prices range from $297 to $497, just under most cards that are flagged by the $500 purchase pattern. Before the next record, the credit will be delivered to (gives your target) to you, is that correct?”

You say “yes.” The caller continues – “I will undoubtedly be starting a Fraud research. If you’ve any questions, you must call the number listed on the rear of your card and ask for Security.

You will have to refer to this Get a handle on Number. The owner then gives a 6 digit number to you. “Do you need me to learn it again?”

Here’s the IMPORTANT part how the scam works. The caller then says, “I need certainly to confirm you’re in possession of one’s card.” He’ll request you to “turn your card over and try to find some numbers.” There are 7 numbers; the first 4 are part of your card amount, the next 3 are the CVV numbers that confirm you’re the possessor of the card.

They are the numbers you often use to make Internet purchases to show you’ve the card. The caller will ask the 3 numbers to be read by you to him. After you tell the 3 figures to the caller, he’ll say, “That is right, I just had a need to confirm that the card has not been misplaced or stolen, and that you still have your card.

Do you have any questions?” After you say No, the caller then thanks you and states, “Do not hesitate if you do to phone back. and hangs up.

You actually say almost no, and they never require or tell you the Card number.

What the scammers need is the 3-digit PIN amount on the back of the card. Don’t give it in their mind. As an alternative, tell them you’ll phone VISA or Master card right for verification of the talk.

As the information is already known by them since the card was issued by them your credit card company won’t ever ask for something on the card! You think you are finding a credit, if you give your three Digit PIN Number to the scammers. Nevertheless, by the time you get your record you’ll see charges for purchases you didn’t make, and by then it is almost too late or maybe more difficult to actually file a fraud report..

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