Aquene
20 September 2006, 10:27
Contact at Scotiabank sent this and advises it is for real:
This one is pretty slick since they provide You with all the info.except the one piece that they want.
Note,the callers do not ask for your card number,they already have it.This information is worth reading and passing on.
By understanding how Visa & Mastercard Telephone Credit Card scam works,you'lle be better prepared to protect yourself.
The scam works like this:
Person calling says, "This is (name) and I am calling from the Security & Fraud Department at Visa.My badge number is 12345 and your card has been flagged for an unusual purshase pattern,and I am 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 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 ranged 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 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 and as 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 is the important part of 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 securtiy 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 the card has not been lost or stolen,and that you still have the card.And says goodbye and hangs up.
The real Visa security department advises that this is a scam.
Bottom line is if you give the scammers your 3 digit pin number,you think you are getting a credit,however,by the time your statement arrives,you will find purchases that you did not make.
And it will be a bit too late/difficult to report a fraud.
And you may be liable for those charges.
_________________
Real integrity is doing the right thing, knowing that nobody's going to know whether you did it or not.
This one is pretty slick since they provide You with all the info.except the one piece that they want.
Note,the callers do not ask for your card number,they already have it.This information is worth reading and passing on.
By understanding how Visa & Mastercard Telephone Credit Card scam works,you'lle be better prepared to protect yourself.
The scam works like this:
Person calling says, "This is (name) and I am calling from the Security & Fraud Department at Visa.My badge number is 12345 and your card has been flagged for an unusual purshase pattern,and I am 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 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 ranged 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 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 and as 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 is the important part of 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 securtiy 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 the card has not been lost or stolen,and that you still have the card.And says goodbye and hangs up.
The real Visa security department advises that this is a scam.
Bottom line is if you give the scammers your 3 digit pin number,you think you are getting a credit,however,by the time your statement arrives,you will find purchases that you did not make.
And it will be a bit too late/difficult to report a fraud.
And you may be liable for those charges.
_________________
Real integrity is doing the right thing, knowing that nobody's going to know whether you did it or not.