Tuesday, April 12, 2011

Debit Card Scams Becoming More Frequent/Agressive


Debit-card scams: more frequent, more aggressive
(from the Christian Science Monitor at 4-12-2011)
The call might start something like this: Im Mike from Visa. Did you make a purchase for a laptop in Cambridge, Mass., for $987 with your Bank of America debit card? No. What happened? The consumer is now concerned. I just want to let you know that somebody has stolen your card information. Feel free to call the 800 number on the back of your card. Mike confirms the consumers name, address, and telephone number. He offers to take care of the situation by canceling the card and removing all the fraudulent charges. All he needs is the three-digit security number on the back of the card in order to reactivate the account after the fake charges are removed. That’s the key to the latest debit-card scam – the security code...read more»

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