This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
02/25/2019
Telephone Scams: Your Credit Card was Used in Fraudulent Activities
The State of Security
Everyone by now should have heard about the telephone scams involving a caller who claims that they are from the CRA (Canada Revenue Agency) or the IRS (Internal Revenue Service).
These tax agency scams generally receive the most coverage, but some don’t get much attention. Recently, people have also received calls from individuals claiming to be from their “bank” that inform the receiver how their credit card was used in fraudulent activities.
What is the scam?
A person receives a call from an individual who claims they are an employee at their “bank.” The individual then notifies the receiver that their credit card has been used in fraudulent activities.
At this point, the person claiming to be from the bank hangs up the phone. However, instead of actually hanging up the phone, the scammer plays a dial tone. This scheme creates a sense of panic so that the receiver will want to call their bank back.
Without realizing that the call is still connected, the victim dials the number that is on the back of their credit card. Then another scammer comes back on the line and fakes being the credit card company.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information