Tuesday, January 31, 2006

New Debit/Credit Card Scam Making Its Rounds

The following is courtesy of ScamsOnline

In case you haven't heard, there is another new credit card scam. The caller doesn't ask for your credit card number - they already have it.

The clever new telephone approach is simple: The phone rings and the caller says, "This is (gives a name), and I'm calling from the security and fraud department at VISA. My employee ID badge number is 3736214."

Next comes an ominous warning. "Your VISA card has been flagged for an unusual purchase pattern, and I'm calling to verify some things. This would be on your VISA card which was issued by (the name of your bank)." The victim gradually lowers their guard because the caller knows the name of their credit card issuer.
"Did you purchase an anti-virus software program with a personal firewall for $497 from a sales and marketing company based in Georgia?" the caller asks.

When you answer "No", the caller will continue with, "Then we will be issuing a credit to your account." He or she then asks a few questions about the numbers on the back of the card. You supply the info, the caller thanks you and the conversation ends.

When your VISA bill arrives at the end of the month, you find there is no charge for anti-virus software and no credit. However, thousands of dollars worth of other charges have been made by the unscrupulous con man who called you.

Why not? After all, YOU gave him all the info he needed!

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Behavior Management Expert and Maximizing Your Potential Mentor™ Etienne A. Gibbs is a life-observing author, engaging talk show host, humorous speaker, and successful trainer who teaches small business owners, managers, and employees how to speak, think, and perform in ways that will help them shine. In the end, they maximize their critical thinking, speaking, and management skills.

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