Types of Fraud with plastic cards
Presently, experts recognize several leading types of scam utilizing plastic cards. The first and the prevalent type of credit card fraud is the design of so-called «clone cards» or «white cards». Swindlers get private data on the magnetic stripe of the person’s card and then make so-called «white cards» — pieces of plastic with fitted magnetic stripe as well as the stolen data linked to it. After that, hackers can easily use the account of the real cardholder, for whom, in this case, it will be very hard to prove his innocence.
There are diverse ways to read sensitive data from the card. The most widely-known among these is the collusion of swindlers with employees of stores, hotels, and other entertainment businesses. The outcome of such collusion is the transmission of information about personal details to illegitimate structures agents. If the card reaches their hands, cards are skimmed, when the card is passed through a device, data is recorded, and stored on its magnetic stripe. Thus, criminals get a kind of impression of the card. Moreover, it is no longer necessary to enter the required amount in it, simulate the signature, and forward all payments for the transaction to the legitimate cardholder.
It is quite typical for criminal organizations to establish their stocks. The aim of such «retail outlets» is simple — to get as much information about consumers ‘ cards as possible. Fraudsters often use Internet pages for this purpose. Using once the services of such a website (for instance, buying a product or downloading a video clip), the cardholder will be stunned to learn that he has become a subscriber, and thus he is charged a once-a-month fee for subscription, which is quite problematic to refuse.
One more type of card fraud when card data is obtained from the user himself is called phishing. Fraudsters send messages or emails in which they report the changes supposedly made in the security system of the Bank. Simultaneously, lawbreakers ask naive users to update their card details, including the credit card number with its PIN code, either in writing a letter or by visiting the Bank’s webpage and filling out the necessary form. Conversely, the link attached to the email doe not lead not to the Bank’s page, but to a fake website, that simulates the function of the actual one.
A variation of this crime — calls to citizens ‘mobile phones from Bank » agents” with a request to reimburse the loan debt. Once a citizen says that he did not take a loan, he is asked to reveal the card details. In the prospect, this data is used to start illegal money transfers from the victims’ accounts.
Note: payment systems and banks never send emails or call their clients asking them to provide their private information. If this is the case, you will be asked to come to the bank personally.