Posted: Tue Jul 12, 2005 8:18 am Post subject: Credit Card Fraud
I just got an interesting call from my credit card company (American Express). They told me that my card had been duplicated and that certain parties had attempted to use the copy to make fraudulent purchases
They are unsure how the copy was made (the culprits aren't talking), but they suspect a swipe was taken off a hotel ATM after I used it (these don't have cameras and are easier to target).
Foreign credit cards being used in Japan might be more at risk because it takes longer for fraudlulent activity to be detected.
If you are using a credit card in Japan, it might pay to be careful with ATMs for the time being while they sort this out. Amex recommended I only use bank ATMs with a camera installed. Food for thought.....
Posted: Wed Jul 13, 2005 8:24 am Post subject: Re: Credit Card Fraud
Hewer wrote:
I just got an interesting call from my credit card company (American Express). They told me that my card had been duplicated and that certain parties had attempted to use the copy to make fraudulent purchases
They are unsure how the copy was made (the culprits aren't talking), but they suspect a swipe was taken off a hotel ATM after I used it (these don't have cameras and are easier to target).
Foreign credit cards being used in Japan might be more at risk because it takes longer for fraudlulent activity to be detected.
If you are using a credit card in Japan, it might pay to be careful with ATMs for the time being while they sort this out. Amex recommended I only use bank ATMs with a camera installed. Food for thought.....
Posted: Wed Jul 13, 2005 9:09 am Post subject: Re: Credit Card Fraud
Mike wrote:
What do you mean "a swipe was taken off a hotel ATM after I used it "?
The criminals committing the fraud swiped the card reader with a magnetic strip which interfaces with a device capable of uploading the information of the previous card that was used in that machine (i.e. mine).
They get the card number, expiry date, cardholder name and a duplicate of the magnetic strip. They don't get the four-digit security code or the signature, but it would still theoretically ennable face-to-face sales once they have made a card.
They are getting very sophisticated with fraud these days
It happened to me once couple of years ago, we went to Spain for holiday, when I tried to draw money out of an ATM it was out of order so I went to this little branch of a Spanish bank next to the ATM and had my money over the counter. Then 6 months later my credit card company phoned me to check on some suspicious activities with my card in Barcelorna, as I have never been to Barcelorna they told me to report to my local police station and stopped my card, apparently a gang had cloned my card and they withdrew 200 pounds at ATMs three days running, and that's what caused suspicion...but how they got hold of my pin number I've no idea.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
Album
FAQ
Quizzes
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
