Wednesday, November 24, 2004

Visa scammers hit UK phones

This is how bloody social engineers exploit the knowledge gap among the ppl who do not understand the niti grities of how the credit card works.

Read an extract from the securityfocus website.

Credit card fraudsters are trying to fleece UK punters by tricking them into revealing card security information over the phone. The fraudsters, posing as representatives of Visa, are already is possession of card numbers and are after the CVV numbers (commonly printed on the signature panel on the back of the card) often needed to make purchases online.

Scammers claim that they are phoning about a suspicious transaction. They confirm that the holder has not made the transaction and say that a credit will be made to their account. At no point do they ask users for their account number. Instead they ask holders for their CVV number to "verify that you are in possession of the card".

You can read more on it here

Hopefully this will help all of us to deal with bloody social engineers in our respective countries.



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