Robberies with credit card

6 min read

Theft with a credit card by telephone. I have been asked repeatedly how to differentiate a call from our legal bank against one of a call to be scammed. At present, we are victims of phone scams by our own fault. since we are responsible for delivering all the data of our credit card.

This is one of the tactics most applied by scammers, since the conversation is very similar to that of the bank. However, I will explain how this scam works and of course, how to avoid it.

Robberies with credit card – Spam – IsThePhone

Phone scams to ask for your credit card

These people have taken the trouble to find out your number, your full name, where you live, tastes and some other information. When you call, they sound like they've known you forever, this is done by looking for the possible victim to relax and believe that he is in a safe environment.

Start with a call at a prudent time of the day. They identify themselves as officials of the card, but they do not mention the bank, this is the first sign to understand that something is not right.

Next, we will use a very common talk used by scammers. Our victim will be called, just to give an example, Johan Enrique Obama Castro.

Swindler: Good afternoon Mr. Johan. We speak to you about part of the VISA card. We want to update some information of your service, ask you some questions and know if you have any complaint.

Johan: good afternoon, tell me.

Swindler: to verify that we speak with you, I will mention the first names and you confirm your last name. We do this for security. His name is Johan Obama, he gives me his last name.

Johan: Castro.

very good Mr Johan, thank you very much.

Explanation: most credit cards do not have the last name and the second name. However, the second name is often not necessary to steal it or make a purchase via the Internet, but your full surnames.

With this information, the scammer already has the full name. And he probably asks you to say your full name, so you have all the complete information.

how to avoid this? If your last name starts with C de Castro, tell him that his last name is Castilla. The scammer only knows that he starts with C, if in telling him Castilla they answer him that "Very good Mr. Johan", hang up immediately, since they are stealing it. Let's continue.

Swindler: I will ask you some basic questions to update our database. Where do you live? Email?

Johan provides the basic information that apparently does not suffer any harm, while the scammer starts telling you a series of benefits, many are safe, offers and discounts at a very affordable price. Read here about Scams by phone to extend this point.

Once convinced, the moment of the robbery arrived.

Swindler: as we see that you are interested in our service, I will mention the first numbers of your VISA card and you mention the rest to verify that I speak with the owner of the card. Remember that anyone can know your name, but we want to make sure you have the card in your hand.

Johan: no problem.

Swindler: your visa card starts with 4040, you can tell me the other numbers.

Explanation: By having the card in our hands we see that the scammer guesses exactly our first four numbers. The problem is that these numbers are universal. The credit card has a corresponding number of the sector to which it belongs, then 6 remaining numbers identified with INN (Issuer Identification Number) and finally the proper numbers of your card and that are unique.

The most expert fraudsters have all these first numbers, but they do not know the latter, they need to steal it and when they are almost all mentioned by telephone, it is for you a sign that they effectively speak on behalf of the bank and end up delivering 60% of the information that stole it.

The first digit of any credit card identifies the sector to which the company that issues the card belongs.

1 and 2: Airlines

3: Travel and entertainment (including American Express)

4: Visa

5: Master Card

6: Discovery Card

7: Oil industry

8: Telecommunications

9: Digit reserved for use in the country in which the card operates

But the conversation is not over yet, he needs the latest numbers on his card or security code. It is known as CVC code (Card Verification Code), also named CVV, CW2, CVC2 or CID.

At this point the fraudster applies his maximum strategy.

Swindler: thank you very much for the information. The system tells me to offer you an additional travel insurance service in the Caribbean, but I honestly do not recommend it since you may not be interested in traveling soon and I do not want you to lose money.

Swindler: Please, to finish and have our updated delivery information, remind me of the expiration date of your card.

Johan: 12/2020

Swindler: very well. Wait a moment.

Music to wait for a short break.

Swindler: Thank you very much for your wait, to finalize and access all our services we will send a text message to your cell phone. Please confirm if it arrives.

(This text message has numbers, your name and even a phone, this is so that you believe that it is the bank that is calling you)

Johan: That's right, it has arrived.

Swindler: Very well, please tell me the security code of your card to complete this process.

Johan: 666

Swindler: thank you for your information. Do not forget that I speak with Carlos from the insurance area of ​​the VISA card and that this call was recorded to make sure everything is legal.

I think that at this point I have to explain to you that you have just been scammed. Since he just delivered the remaining 40% of the information to steal it.

Robberies with credit card – Spam – IsThePhone

how to avoid this classic phone scam? the oldest and most effective trick to avoid being a victim of phone scams it is the famous visit to the bank. When answering a call, tell him that the service is of interest to you, but he will go directly to the bank to request it.

Simply from the beginning, say that you do not have the card, that you have left it elsewhere. If the person immediately changes the conversation or does not care more, you can be on a list of potential victims.

Banks do not request credit card information. generally they only ask for information about their ID or identification card. In addition, to access sensitive products such as loans and services, they make a preliminary agreement via telephone and then go to the bank to complete this process.

The Theft with a credit card by telephone they are becoming more notable, but people are becoming informed and avoiding falling into this trap. On our site you will find information about the different tactics they use to perform phone spam.