Credit/Debit Fraud

[rtwvumtneer6]

Is it worse than usual this year?  My credit card got hacked last week, and as soon as my new card arrived my bank card had been compromised.  A few weeks earlier my fiancee's bank card (different bank) got hacked.  I've had credit cards for 15+ years and this is the first I can remember this happening.  

 

Anyway, I would imagine a lot of us buy similar products.  I'm not sure where my issues occured as I am typically careful of where I buy from, but I thought this might be a good place to post any known online retailers that should be avoided?

 

Safe shopping!

[Jigfishn10]

I agree. I actually report cards stolen just to get new card numbers. I upped the security on my bank accounts and get notifications on purchases that exceed a certain amount. Definitely a different world.

 

Good luck

[A-Jay]

Almost seems like the cost of doing business these days. 

If the Big Banks banks were pushing for some type of regulations that penalized the customers for each event, (like the auto insurance industry)

then I'd say it was costing them.

But they are not, so whatever it's costing them to pay for the scams

as well as the preventative measures on their end,

it must not be taking a big enough bite to matter.

Sure they still don't like it but they continue to make their money.

Over the years, I've had to 'get new cards' so many times,

I actually lost count. 

A-Jay

 

[rtwvumtneer6]

22 minutes ago, A-Jay said:

Over the years, I've had to 'get new cards' so many times,

I actually lost count. 

@A-Jay this is one of the only times I can remember reading your responses and immediately thinking "that's not what I wanted to hear" ??‍♂️ Tis the season I suppose.

[Chris Catignani]

OK...so I once worked for a company that was a sub-800 merchant...we basically process lots of cards. We were also involved with the vital record industry (birth, death and marriage documents).

I am going to share some of the knowledge I know about both.

First: Identity theft.

Four pieces of data to never give out...at least as little as possible.

Driver license, date of birth, social security...and last but not least, your mother maiden name.

If you had just three of the four...you can get the fourth. Once you have all four...you can steal and identity (usually).

Drivers license: Never give it out...if someone says they need it...just smudged the numbers. (Smudging is the act of just swapping numbers around)

Social security: Again, never give it out...even when they just want the last 4. Smudge this...but use numbers you will remember and keep just using them all the time.

Date of Birth: Make up a fake DOB to use whenever anyone asks and just keep using this date.

Maiden Name: Again...make up one and keep using it...actually use a completely common name like Rogers or Williams...etc.

All someone needs to get your birth certificate is your DOB and your mother's maiden name.

 

Second: Credit Card Protection

There are a few things that can help you here...but there is nothing you can do when you give all the correct data to a site...and that site is compromised.

1: Get a new card at least once a year.

2: Smude the CVC number on the back. Say for instance you CVC code is 923. Come up with a safe number you can remember (say for example 20). Scratch off the CVC code and replace it with a label the has your new number (in this case it would be 943). When ever you need that number you look and (in this example) you see 943...then just subtract you safe number (20) to get the original 923. I know this sounds a little complex...but it's not. People who take your card (out of your site) can easily photograph the front and back and go shopping.

3: Lock (freeze) your credit scores with the big three credit bureaus: EquiFax, Experion and TransUnion. This is usually free and if a bank or other needs to pull a score...you just unlock it for a week.

 

There is really a lot more you can do...but doing this above will help alot.

[rtwvumtneer6]

6 minutes ago, Chris Catignani said:

big three credit bureaus: EquiFax, Experion and TransUnion

Innovis?

 

And thanks for taking the time to share.

[Chris Catignani]

1 hour ago, rtwvumtneer6 said:

Innovis?

 

And thanks for taking the time to share.

OK...yes there are others and thanks for pointing this out.

Innovis, Certegy, CheckSystems, Clarity Services, CoreLogic Teletrack and CoreLogic Credco.

From : The balance

[slonezp]

5 hours ago, A-Jay said:

Almost seems like the cost of doing business these days. 

If the Big Banks banks were pushing for some type of regulations that penalized the customers for each event, (like the auto insurance industry)

then I'd say it was costing them.

But they are not, so whatever it's costing them to pay for the scams

as well as the preventative measures on their end,

it must not be taking a big enough bite to matter.

Sure they still don't like it but they continue to make their money.

Over the years, I've had to 'get new cards' so many times,

I actually lost count. 

A-Jay

 

It doesn't cost the bank, it costs us, in fees and interest rates, and it costs the retailer. If I accept a fraudulent card at my store and the CC company won't pay, we're out the merchandise. Company policy is any CC transaction over $5,000, from an unknown buyer, needs to go thru accounting before we can run the card. While some might think that's a lot, I have regular customers that spend tens of thousands of dollars annually with credit cards because the cash back or points are well worth it to them. I have one customer that the cash back benefits from the CC pay for his employees health insurance. 

 

I've had cards compromised a few times. My credit union has taken care of all of it except for the inconvenience. 

[rtwvumtneer6]

1 hour ago, slonezp said:

points are well worth

 

1 hour ago, slonezp said:

except for the inconvenience. 

I use mine for flight points.  I only fly a couple times a year so it usually takes care of that expense.  Anyway, when my new card arrived I called and asked if they would add points to my account for the purchases I made while I was waiting for the card to arrive, and for the inconvenience.  DECLINED!

[throttleplate]

In 2019 i was in Bangkok, Thailand and i went into a mini mart and in there was this ragged looking british guy.

He walks up to me and pulls out a stack of credit cards and Id,s and asks if i would like to buy as many as i want.

 

I am sure these cards were all pickpocketed and he is part of the pickpocket ring. Alot of foreigners go to thailand for the woman as prostition is legal and cheap.

Many woman will work a guy and a few will crowd the men on the street to pick their wallet as a team.

 

Booze is cheap in thailand and the exchange rate favors foreign money so the foriegners are there to get smashed drunk and have a good time and they get rolled.

[gim]

I’ve had both my credit card and debit card incur fraudulent charges more than once, although not recently. I am not responsible for those charges on either card, as they are both Visa.

 

Slightly annoying when I have to update all my electronic payments because of a new card every time it happens though.