“Nightline” was granted exclusive access inside Visa’s top secret data facility.
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“Fool me once, Shame on you. Fool me twice, Shame on me.” — Chinese Proverb
Jordan Harbinger of The Art of Charm takes a rare glimpse inside the business and mind of a professional credit card fraudster and social engineer.
In this episode, we will:
-Learn about the internet criminal underworld even before the infamous Silk Road
-Meet one of the former top dogs from the site, and hear how he started his credit card fraud business
-How he went to jail and why
-How he made thousands from fraud and how easy it was
-How to reprogram credit cards
-How social engineering is crucial to the scam’s success
-How he took his credit card factory mobile
-How he got caught and became an informant for the FBI
-How he snitched on the Russian mafia
Not our usual fare, but I think you guys will definitely dig this episode.
Download this episode’s audio (right click..”Save Linked File As”): http://traffic.libsyn.com/theartofcharmpodcast/BONUSCCFraud.mp3
You might (you WILL) also like:
-“Toolbox” episodes & more: http://bit.ly/1hJI1bt
-Episode #195: Felix the Weed Farmer http://pickuppodcast.com/2013/05/05/episode-195-dangerous-dialogues-felix-the-weed-farmer/
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Identification theft comes in numerous kinds, but probably one of the most common types, and also, very destructive, is credit card fraudulence. Now, you may think you have safeguarded yourself from credit card fraud, nevertheless reality is, there are so many ways in which an identification theft can take your details therefore devote this kind of fraud, that you may not have protected yourself against every eventuality.
The very first thing you ought to contemplate when considering protecting your self from credit card fraudulence, is the ways that people are capable of getting your hands on your charge cards, or personal information to submit an application for one. First thing you really need to look out for is any dilemmas you may possibly experience with ATM machines. If you notice any such thing unusual towards way the bucks device is working, don’t use it and inform the lender or organization that is the owner of the machine. The most common thing that generally seems to happen, is a small card audience is attached on the slot that reads the card and can be usage for copying it, as well as a little camera which tracks the pin figures. This method enables the thief observe and gather a lot of different card details and Pin figures to utilize by means of charge card theft. This could in addition happen for the little machines that you use to cover by card in crooked shops, or by a crooked product sales cashier.
To get more detail by detail frauds, these identification thieves need more than simply card details. They want address and names, and these are obtainable by rooting through garbage cans. These details can easily be available on utility bills or bank statements. They are able to use that information, and details available using electoral roles as well as other information this is certainly openly readily available, to perform expensive and intricated kinds of bank cards.
Charge card fraudulence can also be performed in the form of missing mail. Thieves happen proven to take post from mail bins and each year, the postal companies tend to be stating more lost post. Essential papers such as check books, credit cards, Pin numbers could all be intercepted before they achieve the owner of the mailbox.
You should also be aware that thieves in addition utilize web pages to acquire products, either by way of charge card fraud, or by simply using your personal stats. On the web auction sites should really be very carefully administered, therefore should internet sites that store your private information for almost any future purchases.
The only method to be protected against bank card fraudulence, is usually to be conscious. Your articles is stolen in plenty methods, and you also must make sure that you keep a close attention on your own finances.
There are specific insurances it is possible to sign up for to protect you, if you should ever be a victim of charge card fraudulence, and it is best if you check-out these options for additional guide.
There are tons even more techniques to protect your self and your household from this type of fraud. The best thing doing should put it into rehearse. Remember these thieves desires your most valuable ownership, your identity. Understanding is power!
View Gaby Fleischman’s report.
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Filed Under Credit Card Fraud | Comments Off on Credit Card Fraud The How To Guide
By Journeyman Pictures:
Every year UK credit cards are defrauded of £400 million. The banking industry is reluctant to invest the sums required to stop it. And the police are left with a huge problem – faceless untraceable criminals. Few are convicted and the internet has made the criminal’s job easier than ever. This film illustrates the shocking simplicity of the process.
Be aware, be afraid, be secret!
Every week Journeyman offers a brand new documentary, fresh out of the cutting room. They’re award winning documentaries, some destined for the festival circuit and some for broadcast. The one thing you can know is that here you get to see them when they’re fresh, often before they appear anywhere else. To watch them in full go to our VOD platform at http://jman.TV
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Filed Under Credit Card Fraud | Comments Off on How can credit card fraud affect your credit score?
Have you or is someone you know ever been a victim of credit card fraud? What were some of the consequences you had to deal with after the unfortunate incident? Wish you knew more about this type of crime?
Credit card fraud is one of the most common and simplest forms of identity theft. In essence, this happens when someone spends using your credit card information. Most commonly, fraudsters will use your information to pay for their restaurant or hotel bills, get groceries or make online purchases.
Interestingly, this type of fraud can also happen when your pre-approved credit card offers fall into the wrong hands–fraudsters need only to get these out of your mailbox or trash and mail them in with a change of address request and start spending. A person who has access to your personal identifying information, including your social security number, birthdate and work tax ID can even apply for a credit card using your name if they want to.
More often than not, victims of this type of scheme don’t realize someone’s been misusing their information until credit card companies start demanding for payments, during which your credit score affected.
How it affects your credit score
Needless to say, your credit score is a very important piece of information. It is a key to appearing like a financially responsible individual in the eyes of lenders and other companies. Like any other forms of ID theft, credit card fraud can negatively affect credit score.
Here are some ways credit card fraudsters’ actions can cause negative effects on your credit score:
1. Credit checks. Every time someone applies for a credit card in your name, credit card companies are likely to look at your credit report. It is important to understand that credit checks made by companies appear on your credit report and causes your credit score to go down by a couple of points.
2. Unpaid credit cards. It is not uncommon knowledge that a lot of identity thieves–as oppose to stealing your card–would opt to apply for a credit card using your information. Ask yourself this: what are the chances that the fraudster, after getting the new card, would make any effort to pay the amount he used? Of course, the consequences for his actions fall on your shoulders. Each time a month of non-payment passes, your credit score goes plunges.
The danger of shopping online
Online shopping fraud is one of the most common forms of credit card fraud as making purchases over the internet don’t usually require PIN numbers. For years now, authorities and financial institutions have been trying to find ways to prevent credit card fraud when shopping online, but to little avail.
For most banks and credit card companies, the online version of credit card fraud is no different from its counterpart in the physical world. This is why many card issuers nowadays are choosing to put security measures in place to protect both their clients and themselves, including credit card alerts and the “Verified by Visa” service.
Fraudsters are getting more and more creative in terms of finding new tactics to get their hands on the information they need to do their dirty work. Now more than ever, protection is essential. What you will get from credit protection is the peace of mind that someone out there is looking out for your back.