November 30, 2004
Visa/MasterCard scam warning

A friend of mine sent me this.

I'm not sure if it's an urban legend of for real, but worth passing around a warning anyway. This sort of scam would fall somewhere between social engineering and "phishing" and can typically be carried out by people that have somehow gotten their hands on your card details (sifting through your garbage, insiders working at banks etc).

By getting your credit card details they'd have all the information they need except the CVC2/CVV2 code written on the back of your VISA/MasterCard piece of plastic:

Please pass on to all people on your mailing list. I got this from a contact in the Halifax Visa team so it is happening!!

Visa and MasterCard Scam. A friend was called on the telephone this week from 'VISA' and I was called on Thursday from 'MasterCard'.

It worked like this: Person calling says, 'this is Carl Patterson any 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. Did you purchase an Anti-Telemarketing Company a device/any expensive item, for 497.99 from a marketing company based in (any town?)

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 (they give 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 0800 number listed on your card and ask for Security. You will need to refer to this Control number. They then give you a 6-digit number.
'Do you need me to read it again?

Caller then says he 'needs to verify you are in possession of your card' (this is where the scam takes place as up until now they have requested nothing!). They then ask you to turn your card over.

There are 7numbers; the first 4 are 1234 (or whatever, as they have your number anyway).

The next 3 are the security numbers that verify that you are in possession of the card' (these are the numbers they are really after as these are the numbers you use to make internet purchases to prove you have the card).

'Read me the 3 numbers.' When you do he says '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?

Don't hesitate to call back if you do.'

You actually say very little, and they never ask for or tell you the Card number. But after we were called on Wednesday, we telephoned back within 20 minutes to ask a question. Are we 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 put on our card. Long story made short.

We made a real fraud report and closed the VISA card and they are reissuing us a new number. What the scam wants is the 3-digit number and that once the charge goes through, they keep changing every few days. By the time you get your statement, you think the credit is coming, and then it's harder to actually file a fraud report.

THE REAL VISA/MASTERCARD DEPARTMENT REINFORCED THE POINT THAT THEY WILL NEVER ASK FOR ANYTHING ABOUT THE CARD SINCE THEY ALREADY KNOW EVERYTHING ABOUT IT!!!!.

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Koldark's Komputer World: Visa/Mastercard Scam Warning (November 30, 2004 03:11 PM)
"Anders Jacobsen's blog says that there are people calling that clam to be from Visa or Mastercard asking for your account details. This is a scam. Do not give them your information. If a bank/company calls you asking for confirmation..."

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