First-time victim of credit card fraud
First-time victim of credit card fraud
Hi all,
I had an urgent message from my bank yesterday. Called them and they had flagged 2 suspicious credit card transactions. One was for a single dollar (tester) and then another for about $160 at a SAM's Club the same day. Sure enough, these were definitely not ours. The card number used was DW's spousal card (with a different number) on my account.
The odd thing about all this is that the compromised account is our backup account - we hardly ever use this card. The card itself never leaves our house, and we can, in fact, pinpoint that that the only time this card was used in the last 2 years was to Southwest Airlines this May for air tickets. DW actually gave them the card number over the phone to the SWA rep. Yet, less than 4 months later, it was used in a fraudulent transaction.
The credit card company did all the right things. The card number has been shut down and we will be made whole. This is a first time for me (and yes, I know that I should consider myself lucky in that respect), and I am astonished at how easily these cards can be compromised. I thought I was pretty careful about keeping my numbers secure, but apparently not secure enough. The only 2 options that I can think of are that: (1) SWA database has been breached, or (2) that the SWA agent DW gave the number to sold it illegally. Am I wrong to be pointing the finger at SWA? There is no point in contacting them about this since our card company had handled the issue very competently, but it does lead one to wonder.
I had an urgent message from my bank yesterday. Called them and they had flagged 2 suspicious credit card transactions. One was for a single dollar (tester) and then another for about $160 at a SAM's Club the same day. Sure enough, these were definitely not ours. The card number used was DW's spousal card (with a different number) on my account.
The odd thing about all this is that the compromised account is our backup account - we hardly ever use this card. The card itself never leaves our house, and we can, in fact, pinpoint that that the only time this card was used in the last 2 years was to Southwest Airlines this May for air tickets. DW actually gave them the card number over the phone to the SWA rep. Yet, less than 4 months later, it was used in a fraudulent transaction.
The credit card company did all the right things. The card number has been shut down and we will be made whole. This is a first time for me (and yes, I know that I should consider myself lucky in that respect), and I am astonished at how easily these cards can be compromised. I thought I was pretty careful about keeping my numbers secure, but apparently not secure enough. The only 2 options that I can think of are that: (1) SWA database has been breached, or (2) that the SWA agent DW gave the number to sold it illegally. Am I wrong to be pointing the finger at SWA? There is no point in contacting them about this since our card company had handled the issue very competently, but it does lead one to wonder.
Re: First-time victim of credit card fraud
There a hundreds of ways to get the number and many of them would not involve SWA. I've had fraud and then the replacement card already had fraudulent charges on it by the time I received it. Go figure that one out.
But what was bought at Sam's? It is often quite interesting what the perps end up buying.
But what was bought at Sam's? It is often quite interesting what the perps end up buying.
Re: First-time victim of credit card fraud
Wow, now that is disturbing! OK, so I'll cut SWA a break if the system is really as porous as you state.
I don't know what they bought, but it was a SAM's club in Southern CA.
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Re: First-time victim of credit card fraud
I didn't know that this is possible. I always thought that it has either to be:
1- different independent account with different number
2- authorized user sharing the same account, but sharing the same number as well.
Just wondering!
Regarding your breach, do you mean that you have never ever used the card before since opening it other than this one time with SW?
"One of the funny things about stock market, every time one is buying another is selling, and both think they are astute" - William Feather
Re: First-time victim of credit card fraud
Good point. If I were inclined to steal a credit card, I would not use it at a place that requires a membership with a photo id. It probably doesn't matter though. Seems like they are usually interested in catching the perpetrator unless large amounts are involved.
Re: First-time victim of credit card fraud
It depends on the bank. For AMEX for example, my DW is authorized user on my account and she got her own account number and so the statement can show which transactions belong to which card. With Chase Visa we share the same number and even 3-digit CVV.BogleMelon wrote: ↑Wed Sep 26, 2018 8:25 amI didn't know that this is possible. I always thought that it has either to be:
1- different independent account with different number
2- authorized user sharing the same account, but sharing the same number as well.
Just wondering!
Related to the thread, similar thing has happened to me, so it's not uncommon unfortunately.
Re: First-time victim of credit card fraud
I had credit card fraud on a card I never even activated, let alone used!
The card had expired. They sent me a new one but I never bothered to activate it as I wasn't using it. I was told never to closed credit card accounts as it would hurt your credit score. I was pretty surprised to receive a bill a couple of years later on a card I almost forgot I owned.
The CSR I spoke to was surprised how a charge appeared on my account without the card being activated. These hackers are pretty sophisticated.
The card had expired. They sent me a new one but I never bothered to activate it as I wasn't using it. I was told never to closed credit card accounts as it would hurt your credit score. I was pretty surprised to receive a bill a couple of years later on a card I almost forgot I owned.
The CSR I spoke to was surprised how a charge appeared on my account without the card being activated. These hackers are pretty sophisticated.
Re: First-time victim of credit card fraud
From my own experiences and what I've read, the most common purchases are gift cards, which they immediately either sell or use for other purchases, making it almost impossible to track down the money. You also don't need to be a member if you pay a 10% service fee on top of the purchase price. Since Viking65 was picking up the tab for them, I don't think they'd mind the extra charge.
I've lost track of the number of credit cards I've had compromised, since most of the time there was no way to tell where the data was obtained. The first instance I recall was back around 2001(Someone tried to use our card at an online offshore casino), and the most recent was about two weeks ago(5+ AVON purchases for around $50 each, within a few hours). There's no way for you to prevent it, so the only thing to do is make sure you periodically monitor activity for suspicious transactions so you can quickly react to it.
Re: First-time victim of credit card fraud
I/we have a card compromised 5-10 times a year. My bank is awesome about it and is aware that we both travel internationally extensively and need access to money, so what can be done? Bank somehow knows immediately that the charges are bogus and denies the transactions and alerts me. I don't know how they can tell instantaneously like that. Like someone mentioned, they're almost always trying to buy gift cards which is how I think banks pick up on it. I've also had them try to buy porn, online video game upgrades to their WOW character, etc......but I'd say 75+% of the time it is best buy and I'm betting more specifically, it's best buy gift cards. It's such a pain, but what can you do?
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Re: First-time victim of credit card fraud
This is part of normal life now until the CC companies decide to do something about it. People here have reported cards that have never been used once getting compromised so its probably not SWA's fault.
Last edited by barnaclebob on Wed Sep 26, 2018 9:49 am, edited 1 time in total.
Re: First-time victim of credit card fraud
Please do not waste anymore time thinking about it. Continue your current practices since it is pretty amazing that this is your first time. But the chance that you will ever know how the number was acquired by the criminals is minuscule. And, as others have said, the use of the card only at SWA does not mean that SWA was at fault.
Re: First-time victim of credit card fraud
We have had this occur twice with cancellation of the card, issuing of new ones and investigations leading to making us whole. We have also recently had a large charge denied until we called to verify we had made it. Our experience has been that the CC companies are very good about resolving issues, and we assume that with all the hacks, including those of the credit agencies, that our information is "out there," just as is virtually everyone else's.
Tim
Tim
Re: First-time victim of credit card fraud
Who cares? Ive been a "victim" of credit card fraud like 5 times. Doesnt bother me one bit. Simply call the credit card company, explain the situation, they kill that card and send you a new number. Its not like you're responsible for the charges. Yes, I know they can charge you a fee...they never do tho.
Its so common anymore for credit cards to become compromised...nothing to see here folks.
Its so common anymore for credit cards to become compromised...nothing to see here folks.
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Re: First-time victim of credit card fraud
Sam's club uses chip readers, except on the gas pumps, which should make fraud very difficult.
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Re: First-time victim of credit card fraud
We have several cards with joint account, different card numbers for each card holder. I like that approach the best.BogleMelon wrote: ↑Wed Sep 26, 2018 8:25 amI didn't know that this is possible. I always thought that it has either to be:
1- different independent account with different number
2- authorized user sharing the same account, but sharing the same number as well.
Just wondering!
Re: First-time victim of credit card fraud
I had several fraudulent credit card charges. The perp bought $25 Starbucks gift cards... five times on the same day. I'm like... really? Can't you just brew your own coffee and use the stolen card for something worthwhile?Viking65 wrote: ↑Wed Sep 26, 2018 7:55 am Hi all,
I had an urgent message from my bank yesterday. Called them and they had flagged 2 suspicious credit card transactions. One was for a single dollar (tester) and then another for about $160 at a SAM's Club the same day. Sure enough, these were definitely not ours. The card number used was DW's spousal card (with a different number) on my account.
The odd thing about all this is that the compromised account is our backup account - we hardly ever use this card. The card itself never leaves our house, and we can, in fact, pinpoint that that the only time this card was used in the last 2 years was to Southwest Airlines this May for air tickets. DW actually gave them the card number over the phone to the SWA rep. Yet, less than 4 months later, it was used in a fraudulent transaction.
The credit card company did all the right things. The card number has been shut down and we will be made whole. This is a first time for me (and yes, I know that I should consider myself lucky in that respect), and I am astonished at how easily these cards can be compromised. I thought I was pretty careful about keeping my numbers secure, but apparently not secure enough. The only 2 options that I can think of are that: (1) SWA database has been breached, or (2) that the SWA agent DW gave the number to sold it illegally. Am I wrong to be pointing the finger at SWA? There is no point in contacting them about this since our card company had handled the issue very competently, but it does lead one to wonder.
I just let the credit card company know and they took care of it. Don't sweat it. It's the reason why we use credit card for purchases.
Time is the ultimate currency.
Re: First-time victim of credit card fraud
I once had 2 cards that were held with the same bank get stolen within a week of each other. One was only even ever taken out of the envelope to put it in the box with 10's of others and never used by me. (Ask me about the night I cancelled 100k in credit cards in <$5000 accounts.)
They were used in Australia and Britain, so I now suspect anyone with a Commonwealth accent.
I've had the occasional other misused charge come through, about 50% of the time the bank's telling me about it, 50% I notice something illegitimate.
I've never had to pay such a charge.
Far more often it's a legit charge that I or my spouse can't figure out what the legit purchase was and we're wasting our time protecting the bank.
Yeah, I guess it's a god idea to keep your eye on your statements, but for the most part the banks thank you for your diligence in protecting them. The (US) banks aren't really interested in making fraud harder, they've only been pushed into having the chips after quite a while and prefer "signatures" to something with some sort of actual security value. Don't spend too much of your time protecting your bank from fraud.
They were used in Australia and Britain, so I now suspect anyone with a Commonwealth accent.
I've had the occasional other misused charge come through, about 50% of the time the bank's telling me about it, 50% I notice something illegitimate.
I've never had to pay such a charge.
Far more often it's a legit charge that I or my spouse can't figure out what the legit purchase was and we're wasting our time protecting the bank.
Yeah, I guess it's a god idea to keep your eye on your statements, but for the most part the banks thank you for your diligence in protecting them. The (US) banks aren't really interested in making fraud harder, they've only been pushed into having the chips after quite a while and prefer "signatures" to something with some sort of actual security value. Don't spend too much of your time protecting your bank from fraud.
The sewer system is a form of welfare state. |
-- "Libra", Don DeLillo
Re: First-time victim of credit card fraud
I'm not convinced chip readers are really more secure. Yes, it is more difficult to copy the card. But just to swipe the data... not so sure.
I recently had my card information stolen while traveling in France. I used a gas pump with a chip reader. About 10 minutes down the road I get a call from the credit card company about a suspicious charge. Somehow there were two gas purchases within minutes of each other at the same station. The first was my legitimate charge, the second was for much more and was obviously fraudulent. I'm guessing it was a skimmer placed on the pump and I didn't realize it.
Personally, I think the "chip" solution was only to force merchants to upgrade their card readers and if not, they now take responsibility for fraudulent charges.
[edit]: Here is an article which explains more
https://www.washingtontimes.com/news/20 ... re-than-m/
"U.S. chip cards are vulnerable because they also employ magnetic stripes...credit card issuers eventually will have to provide EMV cards that have no stripe or stripe-scanning capabilities."
Re: First-time victim of credit card fraud
To me, what strikes me, is the little amount the credit card companies care about fraud. All they care about is getting a new card in your hand as fast as possible. Of course they pass the cost onto the merchant, and that makes me feel a little bad for them.
Re: First-time victim of credit card fraud
Just a few weeks ago, both my and my DW USAA VISA cards were both compromised on the same weekend day by less than $1 charges made in Brazil. Each card has it's own number and they are not sequential, being about 40 apart. My card had not been used in 6 months, DW uses her's every month.
To me, it's obvious that someone was checking card numbers by testing sequential numbers, which you'd think the processing agent's computers would have quickly detected and blocked, long before it it hit the USAA account where USAA immediately detected it. Unlike most transactions which seem to be instantaneous with USAA, there was a 3 day delay between the test charge and when USAA could actually see it. I'm sure the bad guys knew this and were exploiting this lag
Other than this showed up during domestic travel and the minor card replacement hassle to us, it's no skin loss to us. To me, this is why a credit card is used, not our ATM cards. Also, our ATM cards are NOT linked as VISA Debit Cards. Both VISA and/or USAA just consider this to be an operating expense.
To me, it's obvious that someone was checking card numbers by testing sequential numbers, which you'd think the processing agent's computers would have quickly detected and blocked, long before it it hit the USAA account where USAA immediately detected it. Unlike most transactions which seem to be instantaneous with USAA, there was a 3 day delay between the test charge and when USAA could actually see it. I'm sure the bad guys knew this and were exploiting this lag
Other than this showed up during domestic travel and the minor card replacement hassle to us, it's no skin loss to us. To me, this is why a credit card is used, not our ATM cards. Also, our ATM cards are NOT linked as VISA Debit Cards. Both VISA and/or USAA just consider this to be an operating expense.
Re: First-time victim of credit card fraud
+1 I've had this happen as well. It was even the same merchant (Lyft) which we have never used. Replacement card had new number, new expiration, new security code.
The closest helping hand is at the end of your own arm.
Re: First-time victim of credit card fraud
You care because you want to try to analyze how your account was compromised if you can. For example one of my accounts was compromised by someone by calling the credit card company, and answering my security questions. So I didn't just want a new card, I knew I had to change the security questions. And even if the answers weren't real answers, if I had used those answers elsewhere they'd have to be changed other places too.ponyboy wrote: ↑Wed Sep 26, 2018 10:49 am Who cares? Ive been a "victim" of credit card fraud like 5 times. Doesnt bother me one bit. Simply call the credit card company, explain the situation, they kill that card and send you a new number. Its not like you're responsible for the charges. Yes, I know they can charge you a fee...they never do tho.
Its so common anymore for credit cards to become compromised...nothing to see here folks.
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Re: First-time victim of credit card fraud
I understand if the chip AND magnetic stripe card is used via the stripe, such as if the chip reader isn't functioning (or the vendor doesn't have one yet?).banhbao wrote: ↑Wed Sep 26, 2018 12:36 pmI'm not convinced chip readers are really more secure. Yes, it is more difficult to copy the card. But just to swipe the data... not so sure.
I recently had my card information stolen while traveling in France. I used a gas pump with a chip reader. About 10 minutes down the road I get a call from the credit card company about a suspicious charge. Somehow there were two gas purchases within minutes of each other at the same station. The first was my legitimate charge, the second was for much more and was obviously fraudulent. I'm guessing it was a skimmer placed on the pump and I didn't realize it.
Personally, I think the "chip" solution was only to force merchants to upgrade their card readers and if not, they now take responsibility for fraudulent charges.
[edit]: Here is an article which explains more
https://www.washingtontimes.com/news/20 ... re-than-m/
"U.S. chip cards are vulnerable because they also employ magnetic stripes...credit card issuers eventually will have to provide EMV cards that have no stripe or stripe-scanning capabilities."
But IF one *only* inserts the chip end of the card into the chip reader, is there really any exposure of what is on the full stripe that goes down the length of the card?
RM
This signature is a placebo. You are in the control group.
Re: First-time victim of credit card fraud
I've had my CC compromised but never lost money. We figured ours was taken from a restaurant. Since then, we always pay cash at restaurants and gas stations. We also use Virtual CC when doing online purchases.
Re: First-time victim of credit card fraud
I am by no means an expert in this area. But I read that there is a new device called a "shimmer" which works on EMV cards:ResearchMed wrote: ↑Wed Sep 26, 2018 6:27 pmI understand if the chip AND magnetic stripe card is used via the stripe, such as if the chip reader isn't functioning (or the vendor doesn't have one yet?).banhbao wrote: ↑Wed Sep 26, 2018 12:36 pmI'm not convinced chip readers are really more secure. Yes, it is more difficult to copy the card. But just to swipe the data... not so sure.
I recently had my card information stolen while traveling in France. I used a gas pump with a chip reader. About 10 minutes down the road I get a call from the credit card company about a suspicious charge. Somehow there were two gas purchases within minutes of each other at the same station. The first was my legitimate charge, the second was for much more and was obviously fraudulent. I'm guessing it was a skimmer placed on the pump and I didn't realize it.
Personally, I think the "chip" solution was only to force merchants to upgrade their card readers and if not, they now take responsibility for fraudulent charges.
[edit]: Here is an article which explains more
https://www.washingtontimes.com/news/20 ... re-than-m/
"U.S. chip cards are vulnerable because they also employ magnetic stripes...credit card issuers eventually will have to provide EMV cards that have no stripe or stripe-scanning capabilities."
But IF one *only* inserts the chip end of the card into the chip reader, is there really any exposure of what is on the full stripe that goes down the length of the card?
RM
https://www.sparkfun.com/sparkx/blog/2673
I guess there will always be the usual arms race, any time a new "unhackable" device is created you can be sure someone will eventually hack it.
Re: First-time victim of credit card fraud
We have a card compromised every year or two. My defense is to have all of my recurring charges go against a card that we never use. The solution isn't perfect, but that card has never been compromised and that saves me the hassle of updating all of those recurring charge accounts.
It seems like two changes would help - requiring PINS and requiring that merchants bring a card reader to the purchaser and never handle the card. Again, they won't solve every problem, but they'd help. It seems obvious that the credit card companies don't care that much about the fraud. I guess the figure that they'd lose more money making the use of a credit card marginally more difficult than they lose from fraud.
It seems like two changes would help - requiring PINS and requiring that merchants bring a card reader to the purchaser and never handle the card. Again, they won't solve every problem, but they'd help. It seems obvious that the credit card companies don't care that much about the fraud. I guess the figure that they'd lose more money making the use of a credit card marginally more difficult than they lose from fraud.
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Re: First-time victim of credit card fraud
In 1992, I had someone use my CC and order 2K worth of stuff from JC Penny or Sears and had it shipped right to their apartment. The CC company actually pressed charges. I had to give a state to San Fran's finest
in 2003 I had my debit/CC used at a half a dozen places for $600. The perp even booked his/her hotel with it and had a pizza delivered. I called pizza hut to get the address, called the hotel and the quest hadn't checked out yet. I called the cops. Said if the bank made me whole they couldn't do anything. Called credit union and they declined to follow through.
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Re: First-time victim of credit card fraud
The CC company doesn't lose the money to fraud anymore. The merchant accepts all responsibility.MarkBarb wrote: ↑Wed Sep 26, 2018 7:22 pm We have a card compromised every year or two. My defense is to have all of my recurring charges go against a card that we never use. The solution isn't perfect, but that card has never been compromised and that saves me the hassle of updating all of those recurring charge accounts.
It seems like two changes would help - requiring PINS and requiring that merchants bring a card reader to the purchaser and never handle the card. Again, they won't solve every problem, but they'd help. It seems obvious that the credit card companies don't care that much about the fraud. I guess the figure that they'd lose more money making the use of a credit card marginally more difficult than they lose from fraud.
Re: First-time victim of credit card fraud
The banks thank you for your extra effort to protect them from something they're not particularly worried about.
https://krebsonsecurity.com/2015/01/how ... rd-stolen/
The sewer system is a form of welfare state. |
-- "Libra", Don DeLillo
Re: First-time victim of credit card fraud
One time I had a fraud related replacement card replaced before it even came in (got an email that yet another card was coming in the mail).
The last time my card number was stolen (not physical card) the perp went and got some fried chicken. I didn't understand that one - how can you buy food at a fast food place when I still have my physical card?
Re: First-time victim of credit card fraud
I agree, the banks don't care. They have a percentage of loss they are willing to accept vs spending money on security. Unfortunately, the banks haven't officially thanked me, but I'm waiting....roymeo wrote: ↑Thu Sep 27, 2018 11:52 amThe banks thank you for your extra effort to protect them from something they're not particularly worried about.
https://krebsonsecurity.com/2015/01/how ... rd-stolen/
Re: First-time victim of credit card fraud
"They" just need enough of the info that goes into a card and write them to a new card. Chips are supposed to make that harder to forge.
The "they" running that scam are much more likely to be getting numbers from software exploits, cracking databases, or buying them from someone who's done it, not from paying that poor waiter to do something nefarious with your card.
The sewer system is a form of welfare state. |
-- "Libra", Don DeLillo
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Re: First-time victim of credit card fraud
Exactly. I've had cards that never left my house have fraudulent charges. What about someone at the issuing bank? It could be happening anywhere. It could have been an unreported hack of SWA.livesoft wrote: ↑Wed Sep 26, 2018 7:57 am There a hundreds of ways to get the number and many of them would not involve SWA. I've had fraud and then the replacement card already had fraudulent charges on it by the time I received it. Go figure that one out.
But what was bought at Sam's? It is often quite interesting what the perps end up buying.
The Sam's thing is interesting. Don't they need a membership card? Seems risky on their part.
Re: First-time victim of credit card fraud
Almost every credit card issuer gives you an option to lock and unlock your account. Locking prevents any new purchases/charges from happening.
For cards you rarely use (but still want to keep open), perhaps you should look into these options. Some of the options are better than others, depending on the issuer. Simply unfreeze when you need to use the card.
For cards you rarely use (but still want to keep open), perhaps you should look into these options. Some of the options are better than others, depending on the issuer. Simply unfreeze when you need to use the card.
Re: First-time victim of credit card fraud
Just dealt with two different cards being compromised a couple of weeks ago. First one, I noticed myself on the CC website as two pending charges. The next day, on the other card, the bank sent an email about the fraud. Cleared up both and got new account numbers.
This is probably the fifth or sixth time we've had cards compromised in the last few years.
It is inevitable in this computer age.
This is probably the fifth or sixth time we've had cards compromised in the last few years.
It is inevitable in this computer age.
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Re: First-time victim of credit card fraud
This is why we do not use debit cards. We also try to have our ATM cards be only ATM cards, not debit cards, but nowadays that is difficult.
Banks CAN make it more difficult for fraud. They choose not to. Europe is more stringent than the US.
We used to have fraud several times a year, mostly on one card, Fidelity's Amex. When that went away, fraud dropped off... That card was issued by Bank of America.
Every card I own is set to send an email for every charge. That catches fraud quicker. I use virtual cards on websites I am unfamiliar with, or for reoccurring charges that I don't want.
I use credit cards for virtually everything. I want the 2% cashback (or higher). I cannot recall the last cash purchase I made. With a 4 - 5% rebate on gas, I would never consider it, not to mention the wasted time going in and out of the station to pay cash.
Banks CAN make it more difficult for fraud. They choose not to. Europe is more stringent than the US.
We used to have fraud several times a year, mostly on one card, Fidelity's Amex. When that went away, fraud dropped off... That card was issued by Bank of America.
Every card I own is set to send an email for every charge. That catches fraud quicker. I use virtual cards on websites I am unfamiliar with, or for reoccurring charges that I don't want.
I use credit cards for virtually everything. I want the 2% cashback (or higher). I cannot recall the last cash purchase I made. With a 4 - 5% rebate on gas, I would never consider it, not to mention the wasted time going in and out of the station to pay cash.
Avid user of forums on variety of interests-financial, home brewing, F-150, EV, home repair, etc. Enjoy learning & passing on knowledge. It's PRINCIPAL, not PRINCIPLE. I ADVISE you to seek ADVICE.
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Re: First-time victim of credit card fraud
It is important to check the credit card account for fraud charges. We have two cards with different numbers in the same account at Capital One. My card got charged by crooks twice, once it was $125 gift cards at CVS last December, then $18 for gas at a gas station I never go to on the replacement card. Capital One gave me new cards without problem in a week.
Re: First-time victim of credit card fraud
I'm glad you sorted it out so easily... You are right - you did get off lucky.
Ive lost track of how many times my cards have been compromised over the last 25 years. The most recent time one of my cards got hit they used it to buy an $800 laptop off Newegg and had it shipped to an industrial park 20 miles from me. I had to go back and forth with the card fraud dept. for a few months signing forms attesting it wasn't me. They even had a printed receipt from newegg... with MY name but a messed up shipment tracking showing that it stopped in NJ before bouncing around a few other states and then getting delivered to that industrial park...
*I* had to suggest to them they go check out the address... ??
Anyway, it got fixed, and you will too. Most important thing to do is go check every other card for odd transactions, look at your credit report, and if you have any doubt change all your passwords as well.
Ive lost track of how many times my cards have been compromised over the last 25 years. The most recent time one of my cards got hit they used it to buy an $800 laptop off Newegg and had it shipped to an industrial park 20 miles from me. I had to go back and forth with the card fraud dept. for a few months signing forms attesting it wasn't me. They even had a printed receipt from newegg... with MY name but a messed up shipment tracking showing that it stopped in NJ before bouncing around a few other states and then getting delivered to that industrial park...
*I* had to suggest to them they go check out the address... ??
Anyway, it got fixed, and you will too. Most important thing to do is go check every other card for odd transactions, look at your credit report, and if you have any doubt change all your passwords as well.
Re: First-time victim of credit card fraud
One of the main reasons to use a credit card is zero liability to the cardholder for unauthorized use.
The "victim" here is either the bank or the merchant... whichever one ends up eating the cost.
The "victim" here is either the bank or the merchant... whichever one ends up eating the cost.
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Re: First-time victim of credit card fraud
The CVV2 (printed on card back) is a function of the card number, the expiration, and the issuer’s secret key. If all 3 are the same, the 3 digit CVV2 is the same.armeliusc wrote: ↑Wed Sep 26, 2018 8:37 amIt depends on the bank. For AMEX for example, my DW is authorized user on my account and she got her own account number and so the statement can show which transactions belong to which card. With Chase Visa we share the same number and even 3-digit CVV.BogleMelon wrote: ↑Wed Sep 26, 2018 8:25 amI didn't know that this is possible. I always thought that it has either to be:
1- different independent account with different number
2- authorized user sharing the same account, but sharing the same number as well.
Just wondering!
The CVV (not 2) is encoded on the card and never printed.
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Re: First-time victim of credit card fraud
If the merchant accepts EMV, but fraud happens with a non EMV card, the merchant is not responsible. This why it is called a liability shift. The issuer is liable.wfrobinette wrote: ↑Wed Sep 26, 2018 10:17 pmThe CC company doesn't lose the money to fraud anymore. The merchant accepts all responsibility.MarkBarb wrote: ↑Wed Sep 26, 2018 7:22 pm We have a card compromised every year or two. My defense is to have all of my recurring charges go against a card that we never use. The solution isn't perfect, but that card has never been compromised and that saves me the hassle of updating all of those recurring charge accounts.
It seems like two changes would help - requiring PINS and requiring that merchants bring a card reader to the purchaser and never handle the card. Again, they won't solve every problem, but they'd help. It seems obvious that the credit card companies don't care that much about the fraud. I guess the figure that they'd lose more money making the use of a credit card marginally more difficult than they lose from fraud.
Re: First-time victim of credit card fraud
Same for me - although I must admit that it's happened fewer times over the last couple of years than it happened in the years prior to that. Maybe due to enhanced controls (including chip technology) used by the CC companies or just dumb luck.FreemanB wrote: ↑Wed Sep 26, 2018 9:07 am
I've lost track of the number of credit cards I've had compromised, since most of the time there was no way to tell where the data was obtained. There's no way for you to prevent it, so the only thing to do is make sure you periodically monitor activity for suspicious transactions so you can quickly react to it.
I have some form of alerts on all my CC's. In many cases, every time a charge is made where the card is not present I get an alert. In other cases (cards I don't use often) I get an alert for any activity on the card. Alerts mostly sent by text to my cell phone. The last several times it happened, I contacted the CC company as soon as the pending charge hit (before their system or process even picked it up).
As someone else said, there is not really much you can do about it. At the end of the day, you are not responsible for the fraudulent charge and once you notify the CC company (many times after you sign some forms attesting to the fact that it was not you or anyone you authorized who made the charge) you are removed from the process and are not provided with any updates as to what was discovered during the ensuing investigation. That is fine since you are kept whole financially so it becomes an issue between the CC company and the merchant.
+2 here as well.
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Re: First-time victim of credit card fraud
These rings are pretty sophisticated. They probably have fraudulent Sam’s Club memberships as well.
As mentioned before, the fraudsters often get thousands of account numbers at a time from the dark web. They then reencode other cards with the fraudulently obtained numbers and try them out until they find a successful one. A lot of the numbers come from hacks. A lot come from skimmers.
Aside from putting recurring transactions on a card whose number seems not to have been compromised, using a different card for everything else (basically assuming that it’s going to be compromised), and sticking to gas stations that use electronic payment (e.g., Exxon/Mobil allows you to pay through their app and I have seen some 711s with Apple Pay), there’s not much else to do besides monitor your statements.
Re: First-time victim of credit card fraud
It's often a nuisance, but there's not much to be done about it.
Our most recent one was super annoying, because the fraudster linked the credit card to a Paypal account, and since it was then flagged for fraud and it was the same card on my husband's Paypal account, his account also got flagged for fraud, which required several calls to fix.
They used the fraudulent account to buy an Apple watch on Ebay, which was delivered to our house. When we contacted the seller, they said that their insurance requires them to only ship to the billing address, which is why we got it.
That means they had everything - the name, the address, the card number, the cvv code. My guess would be that they got it from a compromised website, but who knows?
A different time, the bank sent a debit card for my husband's business bank account and I asked them to remove the card from the account because we would never use it. They said they couldn't unless he physically walked into the bank and asked, which he never did. So it sat, not activated, in our drawer, and about a week later was used for fraudulent purchases. They asked us all sorts of questions - did we get the card? was it stolen from us? etc etc. I couldn't help but laugh and say, "This one is all on you."
Our most recent one was super annoying, because the fraudster linked the credit card to a Paypal account, and since it was then flagged for fraud and it was the same card on my husband's Paypal account, his account also got flagged for fraud, which required several calls to fix.
They used the fraudulent account to buy an Apple watch on Ebay, which was delivered to our house. When we contacted the seller, they said that their insurance requires them to only ship to the billing address, which is why we got it.
That means they had everything - the name, the address, the card number, the cvv code. My guess would be that they got it from a compromised website, but who knows?
A different time, the bank sent a debit card for my husband's business bank account and I asked them to remove the card from the account because we would never use it. They said they couldn't unless he physically walked into the bank and asked, which he never did. So it sat, not activated, in our drawer, and about a week later was used for fraudulent purchases. They asked us all sorts of questions - did we get the card? was it stolen from us? etc etc. I couldn't help but laugh and say, "This one is all on you."
Re: First-time victim of credit card fraud
Was this card from Capital One by chance? The same thing happened to me with a GM credit card that I think was issued by Capital One; it as used in Canada. Amazing that I cannot use my card if it is not activated, but someone else who does not even have the card apparently can. The card issuer would not give me any information about how this could happen. Everything is a big secret.mmmodem wrote: ↑Wed Sep 26, 2018 8:38 am I had credit card fraud on a card I never even activated, let alone used!
The card had expired. They sent me a new one but I never bothered to activate it as I wasn't using it. I was told never to closed credit card accounts as it would hurt your credit score. I was pretty surprised to receive a bill a couple of years later on a card I almost forgot I owned.
The CSR I spoke to was surprised how a charge appeared on my account without the card being activated. These hackers are pretty sophisticated.
Also, I was wondering who told you not to close your accounts because your score would be damaged?
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Re: First-time victim of credit card fraud
Yep, sadly I think I have a fraudulent charge about one a year lately it seems. The charge gets refunded and I get a new card and move on. Learn about Google Pay (or similar) services that don't actually share your CC number.ponyboy wrote: ↑Wed Sep 26, 2018 10:49 am Who cares? Ive been a "victim" of credit card fraud like 5 times. Doesnt bother me one bit. Simply call the credit card company, explain the situation, they kill that card and send you a new number. Its not like you're responsible for the charges. Yes, I know they can charge you a fee...they never do tho.
Its so common anymore for credit cards to become compromised...nothing to see here folks.
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Re: First-time victim of credit card fraud
Indeed it was a Capital One Sony brand credit card. I used it the one time to purchase a PlayStation 3 to get the discount and promptly forgot about it. While I don't know how my card was hacked, I do know a CSR being paid minimum wage won't know either. I also know that the credit card company has nothing to gain by telling me how it happened. This only announces to the world where the security breach is and decreases customer trust.munemaker wrote: ↑Sun Sep 30, 2018 8:45 amWas this card from Capital One by chance? The same thing happened to me with a GM credit card that I think was issued by Capital One; it as used in Canada. Amazing that I cannot use my card if it is not activated, but someone else who does not even have the card apparently can. The card issuer would not give me any information about how this could happen. Everything is a big secret.mmmodem wrote: ↑Wed Sep 26, 2018 8:38 am I had credit card fraud on a card I never even activated, let alone used!
The card had expired. They sent me a new one but I never bothered to activate it as I wasn't using it. I was told never to closed credit card accounts as it would hurt your credit score. I was pretty surprised to receive a bill a couple of years later on a card I almost forgot I owned.
The CSR I spoke to was surprised how a charge appeared on my account without the card being activated. These hackers are pretty sophisticated.
Also, I was wondering who told you not to close your accounts because your score would be damaged?
Closing old credit cards decreases your credit utilization. I don't care about the anecdotal 10-30 points drop now but fresh out of college, that may have been enough to keep me from getting the lowest interest rates.
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