Results 1 to 15 of 15
  1. #1
    Super Sh!t Stirrer SSanf's Avatar
    Join Date
    January 18th, 2005
    Posts
    9,944
    Credit card fraud hit 1 in 20 users
    And identity theft hit 1 in 50 during past year

  2. #2
    ABW Veteran Student Heyder's Avatar
    Join Date
    January 18th, 2005
    Posts
    5,482
    <IMG src=http://www.abestweb.com/ubb/icons/icon36.gif>

    [ 03-04-2002: Message edited by: Heyder ]

  3. #3
    ABW Adviser Panel Dynamoo's Avatar
    Join Date
    January 18th, 2005
    Location
    Opposite the Slough of Despond
    Posts
    5,465
    The "disposable numbers" scheme is a good one IMHO, but it's yet to cross the Atlantic [img]/infopop/emoticons/icon_frown.gif[/img]

  4. #4
    ABW Ambassador
    Join Date
    January 18th, 2005
    Posts
    2,279
    <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>One in every 20 consumers has been the victim of credit card fraud in the past 12 months<HR></BLOCKQUOTE>I'd like to emphasize that it's consumers, not users... it appears that the study is not focused just on online transactions -- particularly since it also points out that just 1% of online transactions are fraudulent (makes you wonder about all those CJ reversals, doesn't it). But also admits that about 5% of transactions get cancelled as "suspicious".

    The reporter, however, did everything possible to make it sound like all the fraud and all the concern was online. I'd like to see the study, because I have a feeling, he just took a tack that was "saleable".

    A few years ago, over 20,000 card holders (I'm not saying which card, because I don't want to misstate facts and I'm not looking it up) were notified that their cards were cancelled and they would be issued new cards. The card numbers and all personal information had been stolen in one fell swoop.

    Hackers? Web server violated?

    No, somebody walked out of their corporate headquarters with a laptop that had all the information on it.

    I have a family member who was a victim of credit card fraud TWICE last year. She's a heavy duty online shopper. But both cases of fraud came from (I SWEAR THIS IS THE TRUTH) waitstaff in two different restaurants.

    I want to see the study. I think the reporter slanted the issue.

  5. #5
    Newbie
    Join Date
    January 18th, 2005
    Posts
    27
    In the UK its the poor old shopkeepers that pay for credit card fraud (is it the same in USA?)

    With my shop we find the chargebacks are very low, and the dodgy transacs fairly easy to spot. Guess 1 in 100 dodgy, 1 in 1000 chargeback.

  6. #6
    ABW Ambassador
    Join Date
    January 18th, 2005
    Posts
    817
    First this message is from Gartner Inc., known for making wide, sweeping, and sometimes incorrect statements about e-commerce.

    More importantly I would ask what segment of consumers was this sample taken from?

    Where they new users prone to reckless shopping behavior?

    Where cards stolen and taken online or was this fraud perpetuated online only?

    How exactly was this theft carried out?


    For example: Did they frequent porn sites? I am not saying porn sites are thieves, most are not, but dubious hackers will often throw up pornographic "hit-and-run" content sites for the sole purpose of garnering credit cards.

    Or the common trend in the adult marketplace is simply chalk up an adult charge to fraud even if the user knowingly made the purchase. Adult sites have complained of this problem for years. It is rumored credit cards will reverse an online adult charge- no questions asked.


    Fraud is unfortunately easy to perpetuate offline or online. We give our credit cards to waiters or waitresses everyday and they take off to do whatever they do. We assume they aren't doing anything dubious and most aren't. But nothing prevents them from jotting down numbers, name, and even authenticodes.

    Interesting study, but like most studies I find myself wanting to know more about the methodology used to arrive at this number.


    Wayne


    Wayne Porter
    V.P. Product Development
    AffTrack.com

  7. #7
    Super Sh!t Stirrer SSanf's Avatar
    Join Date
    January 18th, 2005
    Posts
    9,944
    Hello Wayne Porter

  8. #8
    ABW Ambassador
    Join Date
    January 18th, 2005
    Posts
    2,402
    I have a credit card that I use very frequently, mostly on-line. I have had the number stolen one time, and it wasn't from an on-line merchant. It was the girl at the local 'Claires' store when I bought earings....I haven't had any bad experiences 'yet' while shopping on-line. I stress yet because you never know who or when it will happen....on and off-line.

  9. #9
    Member
    Join Date
    January 18th, 2005
    Posts
    73
    I use credit cards frequently both online and off, and the only dubious charge I've ever had was sometime last year (or the year before) when those $10.XX charges came thru and were converted to Russian rubles - I probably wouldn't have noticed, had the money not been converted...

    But I agree with some of the others, the merchants in the walk-in stores have all your information and it's just sitting around in files and boxes somewhere - I would think it's much more tempting to steal that information than to hack into a secure server somewhere ...

    At least most companies now are not printing out your complete charge card number along with the expiration date on your receipts, but when I worked in retail we had ALL that information in our daily sales which just sat around in boxes in the office ...

    Oh and Tom, those earrings - to match one of your new outfits? ROFL! [img]/infopop/emoticons/icon_wink.gif[/img] (joke, that's a joke)...


    I've also had one of my ccard companies call me while I was placing on order online to report suspicious activity to me ... I hadn't used this particular card for a while and I placed an order, about 30 minutes or so later I was placing a second one and my phone rang as I was clicking on send order, it was the card company telling me my card was being used so I informed them it was me using the card and I had just placed the second order - which he could already see on their records, so he let both of them go through ... I wish I could remember which card it was, that's definitely what I call service!

    [ 03-05-2002: Message edited by: klynnnn ]

  10. #10
    Full Member
    Join Date
    January 18th, 2005
    Posts
    218
    American Express has a revolving credit card called "Blue For Business". It's got the best fraud protection out of all the credit cards out there. I'm not sure about now, but four years ago when I applied under one of my domain names, they gave me a $30,000 limit with an apr of 0% for the first 6 months and 6.9% thereafter. Anything suspicious that has ever shown, they reverse first and ask questions later.

    -You can't beat that.

  11. #11
    ABW Ambassador
    Join Date
    January 18th, 2005
    Posts
    2,402
    <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Oh and Tom, those earrings - to match one of your new outfits? ROFL!<HR></BLOCKQUOTE>


    Actually they did....I should buy stock with all of the earings I buy [img]/infopop/emoticons/icon_wink.gif[/img]

  12. #12
    ABW Ambassador
    Join Date
    January 18th, 2005
    Posts
    817
    Hello SSanf, Wondered where you had gone, now I know. This forum has really grown!

    blessed be and well met. [img]/infopop/emoticons/icon_smile.gif[/img]

    Wayne


    Wayne Porter
    V.P. Product Development
    AffTrack.com

  13. #13
    Member
    Join Date
    January 18th, 2005
    Posts
    153
    I worked in a (MAJOR) retail store about 2 years ago. They had a file cabinet in the back corner of the store (storage area) which was acessable by workers and customers. No lie this cabinet was a normal size filing cabinet and it was full of nothing but cc numbers. The store rented videos so they had to have customer cc #s to be able to charge them for lost movies, late fees and such. Id say at least 5,000 cc #s in that cabinet

  14. #14
    Member
    Join Date
    January 18th, 2005
    Posts
    81
    Well my was ripped off in early fall,used twice for buying web marketing services.I know this card had to be ripped by another
    webmaster because who else would buy marketing services online, all I use it for is paying for web hosting,PPC engines,domain renewal etc.I didn't use this card but at 5 or 6 places.Also the thing that really got me
    was my card company acted like they could care less about finding who ripped it off they just issued me a new card and yes the merchants got left holding the bag and I don't know if they attemped to recover or find out who done it or not.Also I sold a $200.00 basketball package about 2 weeks ago
    and the next day it came back as a stolen card.Who would buy a service that has to be delivered everyday with a stolen credit card? I can see buying a watch,clothes or things of that nature but to buy an extended service and give a valid email address for it to be delivered too is beyond my thinking.Also while I'm writing this mini-novel let me say this,my wife used to work as a telemarketer for a photo company.Some of their leads would come from people filling in a card for a free photo session
    and dropping them in a box at a store or where ever they had them at but the majority of them the company would buy at $5 and up each.Aside from having a phone number most of these type leads would come with the persons SSN and some with credit card numbers on them.

  15. #15
    ABW Ambassador
    Join Date
    January 18th, 2005
    Location
    Palm Springs, CA
    Posts
    866
    I got my credit card number stolen a few years ago when I went to a gas station. I filled up and got my receipt at the pump. When the receipt came out it was a little blurry, but I didn't think anything of it. It turns out that theives (gas station attendant?) had carbon paper on the roll of paper that came out so that they got copies of all the receipts that were printed. Since the receipts had the credit card numbers on them they could just make a fake card and charge to their hearts content.

    Luckily my credit card company caught it before they got too much.

    Kip [img]/infopop/emoticons/icon_smile.gif[/img]

    [ 03-05-2002: Message edited by: Kip ]

  16. Newsletter Signup

+ Reply to Thread

Similar Threads

  1. Credit Card Fraud?
    By MikeInc21 in forum Credit Card processing and other payments
    Replies: 10
    Last Post: February 8th, 2009, 11:25 PM
  2. credit card fraud
    By thomascutts06 in forum Midnight Cafe'
    Replies: 2
    Last Post: December 13th, 2007, 01:50 PM
  3. Credit Card Fraud
    By terrafirma in forum Midnight Cafe'
    Replies: 5
    Last Post: April 10th, 2004, 02:08 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •