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 am calling from the Security and Fraud Department at VISA.

My Badge number is 12457. Your card has been flagged for a unique purchase sample, and…

That fraud starts with a call often at your home. The callers do not request your card number, they already have it. By understanding how the VISA & MasterCard Telephone Credit Card Scam works, you’ll be better prepared to safeguard your self 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 unique purchase structure, and I’m calling to verify. This could be in your VISA card which was given by (name of bank). Did you purchase an Device for $497.99 from the

Marketing organization located in Arizona?”

Once you say “No”, the owner continues with, “Then we are providing a credit for your requirements. This can be a organization we’ve been watching and the costs range between $297 to $497, just under the $500 buy pattern that flags most cards. Should you require to be taught further on http://www.purevolume.com/listeners/wakefulpatchwor69/posts/6587941/Whiplash+Compensation+Claim+-+Take+These+Actions, there are millions of libraries you can investigate. Before the next record, the credit will undoubtedly be sent to (gives you your address), is that correct?”

You say “yes.” The owner continues – “I is likely to be starting a Fraud investigation. If you have any questions, you should contact the 1-800 number listed on the rear of your card and request Security.

You will need certainly to refer to this Get a grip on Number. The owner then gives you a 6 digit number. “Do you’ll need me to read it again?”

Here’s the ESSENTIAL part on how the scam works. The owner then says, “I need to confirm you are in possession of your card.” He will request you to “turn your card over and search for some numbers.” There are 7 numbers; the first 4 are part of your card range, the next 3 are the CVV numbers that verify you are the possessor of the card.

They are the figures you sometimes use to produce Internet purchases to prove you have the card. The owner will ask you to browse the 3 numbers to him. After you tell the 3 figures to the owner, he will say, “That is correct, I recently needed seriously to confirm that the card has not been misplaced or stolen, and that you still have your card.

Have you got every other questions?” After you say No, the caller then thanks you and states, “Do not hesitate if you do to call back. and hangs up.

You really say almost no, and they never ask for or tell you the Card number.

What the scammers want is the 3-digit PIN quantity on the back of the card. Do not give it for them. Rather, let them know you’ll call VISA or Master card directly for evidence of these discussion.

As the information is already known by them because they issued the card your credit card company won’t require something on the card! You think you’re receiving a credit, if you give your 3 Digit PIN Number to the scammers. Browsing To http://www.purevolume.com/listeners/wakefulpatchwor69/posts/6588004/Compensation+Solicitor+-+Meet+Your+Expectations certainly provides suggestions you should tell your mom. But, by the full time you get your record you’ll see charges for purchases you didn’t make, and by then it is almost too late or even more difficult to really file a fraud record..