Canada Alerts Consumers About Gangs Indulging in Credit Card Fraud


Source: National Cyber Security – Produced By Gregory Evans

Anti-Fraud authorities in Canada have warned credit card holders about a new phishing scam that tries to extract card information from owners through an early-hour phone call. According to Daniel Williams, a senior official at the anti-fraud centre, the scam begins with a phone call between 5 a.m. and 7:30 a.m. The caller will try to identify as someone from the victim’s bank and say that a credit card was used last evening without due authorisation. This is the latest twist in credit card phishing scams that have been rampant in Canada. Fraudsters know that early in the morning, people will be sleepy and vulnerable, according to the Canadian Anti-Fraud Centre. Early Morning Call Because of the early hour drowsiness, the victims often volunteer information, reports CBC News. The consumer is likely to share the details such as the bank he is banking with. Then the caller will read out the first few digits of the credit card which is standard for that bank. This will be followed by the scammers asking the victim to spell out the next eight digits to confirm their identity. Once the scammers have accessed the complete card number, they will use the information to […]

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