credit card fraud

[mtnbiker]

Ugh. Had a note on the answering machine about possible credit card fraud. Turns out someone in Baltimore tried to use my card number to charge over $2000 at Ikea. (Ikea??? cheap particle board stuff???) And a couple of other fraudulent charges were on it, too. Glad they caught it, but now I have to get a new card, new number, etc. This happened about 10 years ago, too.

[il Padrino Ute]

That sucks, mtnbiker. I just don't understand the mentality of those that feel they can do things like that.

[The Fourth Nephite]

Somebody rang up $10,000 bucks on our debit card at the Vancouver Olympics. We got it all back after a week, so all's well, but it worried us for a while.

[happyone]

That's happened to us as well, nothing so large though. We got the money back and new cards

[Moliere]

Ugh. Had a note on the answering machine about possible credit card fraud. Turns out someone in Baltimore tried to use my card number to charge over $2000 at Ikea. (Ikea??? cheap particle board stuff???) And a couple of other fraudulent charges were on it, too. Glad they caught it, but now I have to get a new card, new number, etc. This happened about 10 years ago, too.

I'm no expert but be grateful it happened on a credit card as the process is much easier than with a debit card or checking account. I had a fraud experience once where someone was writing checks on my account. My bank caught the fraud on the first two checks that came through. They check every signature against the signature card (very unusual for a bank) and this is the reason that I remain a customer of theirs today even though they don't have a branch within 1,000 miles of my house.

[CardiacCoug]

I'm no expert but be grateful it happened on a credit card as the process is much easier than with a debit card or checking account. I had a fraud experience once where someone was writing checks on my account. My bank caught the fraud on the first two checks that came through. They check every signature against the signature card (very unusual for a bank) and this is the reason that I remain a customer of theirs today even though they don't have a branch within 1,000 miles of my house.

Absolutely -- credit cards are easy to fix and you're never out any money.

That's the reason I would never use a debit card at a restaurant or anywhere else where I could use a credit card instead.

[statman]

Absolutely -- credit cards are easy to fix and you're never out any money.

That's the reason I would never use a debit card at a restaurant or anywhere else where I could use a credit card instead.

They'll eventually "fix" debit card fraud as well - any card that has a Via, MC "bug" on it has the same fraud guarantees - you're out a maximum of $50 - but most banks waive that. The problem with debit is your bank account is drawn down by the amount of the fraud until the bank is satisfied it was actually fraud. That could take a couple days, and if the timing was bad, could be very inconvenient...

so although the protections are the same for CC/DC, the inconvenience posed by getting screwed on a debit card makes it a bit more problematic...

[UtahDan]

Has anyone seen Pellegrino? Very suspicious.

[Uncle Ted]

Data: Nearly All U.S. Home Depot Stores Hit

New data gathered from the cybercrime underground suggests that the apparent credit and debit card breach at Home Depot involves nearly all of the company’s stores across the nation.


Evidence that a major U.S. retailer had been hacked and was leaking card data first surfaced Monday on the cybercrime store rescator[dot]cc, the shop that was principally responsible for selling cards stolen in the Target, Sally Beauty, P.F. Chang’s and Harbor Freight credit card breaches.


As with cards put up for sale in the wake of those breaches, Rescator’s shop lists each card according to the city, state and ZIP code of the store from which each card was stolen. See this story for examples of this dynamic in the case of Sally Beauty, and this piece that features the same analysis on the stolen card data from the Target breach.

[...]

What does all this mean? Well, assuming Home Depot does confirm a breach, it could give us one way to determine the likely size of this breach. The banks I spoke with in reporting this story say the data they’re looking at suggests that the breach probably started in late April or early May. To put that in perspective, the Target breach impacted just shy of 1,800 stores, lasted for approximately three weeks, and resulted in the theft of roughly 40 million debit and credit card numbers. If a breach at Home Depot is confirmed, and if this analysis is correct, this breach could be much, much bigger than Target.


How does this affect you, dear reader? It’s important for Americans to remember that you have zero fraud liability on your credit card. If the card is compromised in a data breach and fraud occurs, any fraudulent charges will be reversed. BUT, not all fraudulent charges may be detected by the bank that issued your card, so it’s important to monitor your account for any unauthorized transactions and report those bogus charges immediately.

http://krebsonsecurity.com/2014/09/d...ot-stores-hit/

Maybe it is time to move to bitcoin.

[clackamascoug]

I've dropped a grand at Home Depot in the last three months. I thinking new card time.

[byu71]

I've dropped a grand at Home Depot in the last three months. I thinking new card time.

I only have one credit card and at times I am nervous having it. Of course carrying $5 grand around in my wallet has me nervous at times also.

[thesaint258]

http://krebsonsecurity.com/2014/09/d...ot-stores-hit/

Maybe it is time to move to bitcoin.

My friend who had some of his stolen would disagree. He wasn't too upset at the time because they were worth about $40. When the price skyrocketed, he was annoyed that they would have been worth around $500 or so.

[Katy Lied]

I only have one credit card and at times I am nervous having it. Of course carrying $5 grand around in my wallet has me nervous at times also.

I'm intriqued by the logistics of your statement. If your $5 grand is in 100 dollar bills, that's still a one-inch stack of bills which when doubled has got to give you such a fat wallet that you must have back pains. Ahhh, that explains your back problems.

[byu71]

I'm intriqued by the logistics of your statement. If your $5 grand is in 100 dollar bills, that's still a one-inch stack of bills which when doubled has got to give you such a fat wallet that you must have back pains. Ahhh, that explains your back problems.

Good catch. Carrying around in my wallet was a catch all phrase. Most of it is actually in a shoe box in the trunk.

[Pelado]

A week or two ago I got a call from American Express. Someone had attempted to charge my card with something from Malaysian Airlines. They denied the charges, cancelled the card, and issued a new one with the new microchip security thing.