Credit Card Fraud by Fake Telemarketers Warning by Investigators
Internet Crime Complaint Center believes that fraud rings have augmented attempts to masquerade as traffic ticket collectors, credit card issuers as well as Federal Trade Commission to acquire credit card information from soft targets.
With cheaper phone services online and theft of cell phone accounts, there is a revival of the previous credit card telemarketing cheating scam. Bill Capo, a WWL-TV undercover reporter showcased such a case in New Orleans. A phone call was received by one of the viewers from a person pretending to be a bank’s customer service representative, asking her to register for a new credit card giving a low opening rate.
The viewer hung up as she suspected fraud and later dialed the number recorded on her Caller ID. She was only able to connect to a pre-recorded message saying that the number was not in use. In case she had responded to this fake offer, according to Capo, it would have been an opportune chance for the fraudsters to steal her identity with the collected information.
Telemarketing credit card fraud deceits its victims of property or cash by the use of telephone number. It is generally accomplished by promising services or goods in exchange of credit card and bank account details.
Some tips are offered by the Better Business Bureau for customers who feel that they have become a casualty of credit card fraud.
The victim should contact the issuer. By law credit card losses are limited to $50 for each account but the better credit cards safeguard clients from all liability. On the other hand, card users can go down by $500 from connected bank accounts in case the bank is not alerted on time.
Get in touch with the authorities by filing a report with the local police. It can avert the possibility of customers from being held accountable for potential fraudulent debts. Credit reporting bureaus have the power to block or stall attempts made to open accounts with information which has been stolen.
It is very important for consumers to stay vigilant and they should check online transaction alerts and statements on a regular basis for any signs of fraud.
It has been estimated by the industry and enforcement officials that the average stolen dollar amount in archetypal identity theft case is below $100. Even then banks and consumers must be vigilant regarding telemarketing credit card frauds.
Latest Other Card News
Credit scores and credit reports have become an integrate part of our lives and financial health. There are a lot of services that allow to check credit reports online and FreeCreditReport.com is one of them. FreeCreditReport.com is owned and operated by Experian, one of the three major credit bureaus in the U.S. The service provides […]
If your wallet is bulging with store loyalty cards, there’s good news for you from Samsung Pay. The most widely accepted mobile digital wallet system in the United States is now allowing users to upload their store membership and rewards cards onto their Samsung Galaxy smartphones.
Identity theft and banking fraud concern more and more Americans, according to a recent FICO survey. And that is not a surprise as credit card fraud continues to grow, especially online fraud.
There is no foolproof way to protect yourself from fraud, but there are a few things you can do. The first and foremost thing you should do is never ever give your credit or debit card information to someone you do not know.
Springtime is the season for house hunting, but many people planning to move this year say they’ll rent, not buy, their new digs.
Online banking has revolutionized the way people do business with their banks, and one result is that fewer and fewer folks are actually stopping in to branches to do things like deposit checks, make withdrawals, and transfer money.