By now you know never to give your credit card number out over the phone to an unsolicited call. However, this new scam doesn’t ask for your credit card number, only your 3-digit security number. Read the conversation below to see how easily a fraudulent caller can convince a victim of their authenticity.
Caller: This is (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. 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 based in Arizona?
Victim: No.
Caller: 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 (gives you your address). Is that correct?
Victim: Yes.
Caller: 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 ask for security. You will need to refer to this control number. Do you need me to read it again?
Here's the IMPORTANT part on how the scam works:
Caller: I need to verify that you are in possession of your card. 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 security numbers that verify you are the possessor of the card. What are these three numbers?
Victim: 123
Caller: 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?
Victim: No.
Caller: Thank you. Don't hesitate to call back if you do.
You actually say very little, and they never ask for or tell you your credit card number. Within minutes, the caller will charge your credit card for $497.99
Play it Safe
