Join Date: Jun 2012
Thanked 993 Times in 609 Posts
iTrader Score: 1 reviews
Re: Credit Card Fraud??
does not have to be anything too high tech like hacking, just a simple skimmer and your credit card is available for purchase. easy example, bad guy hooks up with a waitress in a restaurant. gives waitress a little skimmer she keeps in her apron. as customers come pay for food, she swipes the mag strip through the skimmer which reads the info on the mag strip. returns your card to you after charging you for your bill. after 10, 20 ...whatever number of swipes, she calls bad guy, bad guy gives her $50-100, she returns the skimmer to him. he either uses the info for his own purchases by remagnatising a blank card with your info, or sells the info on the internet for around $10-20 bucks each.
bottom line, if it has not happened to you yet, it probably will at some point if you use a credit card, whether it is on the internet or in hand to hand transactions, it can happen to anyone.