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Offline Metalhawk

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Credit Card Fraud
« on: May 28, 2014, 04:09:56 AM »
A piece of advice to anyone that ever uses a credit card, especially online: regularly check your transactions. You never know when you'll be the victim of fraud. It happened for the first time to me this week. I am one of those people that uses his card "for the points" and makes payments throughout the month to cover for the purchases (so it's easy for transactions to hide in there). I have a few trusted places online that I use my main card for, but I will almost always use Paypal whenever I deal with a "small" or out-of-country business.

Checking my transactions statement today, I notice one that didn't seem right that went through on Sunday at some online sports merchandise site for ~$50. A quick online search shows LOTS of complaints about unauthorized charges through that "store". Anyway, I call CIBC, and turns out there's also a bunch more transactions pending, the 3 bigger ones out of China (2x at Aliexpress and one phone order) for over $225, all going through in the last 48 hours.

So, card cancelled, new card on the way, a few recurring payments need info changing, and my paranoia through the roof.

Fun evening...
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Offline BlindDruid

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Re: Credit Card Fraud
« Reply #1 on: May 28, 2014, 08:13:06 AM »
Wow...   Thanks.  I am now going online to check mine.   Are you responsible to pay for the fraudulent transactions?
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Offline CrustyOldGuy

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Re: Credit Card Fraud
« Reply #2 on: May 28, 2014, 11:02:53 AM »
I use finance software to track all that stuff.  Every credit card slip gets entered on my laptop, then I download the bank/credit card transactions from online...they better match!

I do the same as you Metal...use credit for points, then pay the bill in full, so there can be quite a few transactions.

Since pretty much everything is online now, or you pay through the nose for a paper statement, you can never be too safe.

Took a bit of getting used to, but now it's a breeze!
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Offline Metalhawk

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Re: Credit Card Fraud
« Reply #3 on: May 28, 2014, 02:00:30 PM »
Quote from: BlindDruid on May 28, 2014, 08:13:06 AM
Wow...   Thanks.  I am now going online to check mine.   Are you responsible to pay for the fraudulent transactions?

No, I'm not. I went through the pending transactions with the agent on the phone and the fraudulent ones were marked as such, and CIBC will be sending me a letter with a list of those transactions for me to sign as acknowledgement and return.

And another advice for Paypal users. As part of the pending, fraudulent transactions were two that were marked as Paypal (anyone who uses Paypal knows that Paypal charges show up on your card as "PAYPAL(insert company/user name here)"). I had two small pending transactions listed as such, which worried me that my Paypal account was compromised. After checking, there was no such transactions listed in my Paypal transaction log. So fraudsters are using "store" names starting with "Paypal" to try and be inconspicuous on your statement, likely as small attempts to see if your card is still valid.
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Offline Metalhawk

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Re: Credit Card Fraud
« Reply #4 on: May 28, 2014, 02:03:43 PM »
Quote from: CrustyOldGuy on May 28, 2014, 11:02:53 AM
I use finance software to track all that stuff.  Every credit card slip gets entered on my laptop, then I download the bank/credit card transactions from online...they better match!

I do the same as you Metal...use credit for points, then pay the bill in full, so there can be quite a few transactions.

Since pretty much everything is online now, or you pay through the nose for a paper statement, you can never be too safe.

Took a bit of getting used to, but now it's a breeze!

Yeah, on my second (casual, big purchases) card, I have alerts set so that I get a notice if any transaction over $20 goes through. But since I check my transactions at least once a week with my main card, I had no such alerts system set. That's gonna change as soon as my new card gets here and I set it up.

As I said, paranoia. :)
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Offline stone169

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Re: Credit Card Fraud
« Reply #5 on: May 30, 2014, 10:49:03 AM »
A couple of months ago there was a charge on my credit to some company in Utah.  We disputed the purchase and won.
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Offline Metalhawk

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Re: Credit Card Fraud
« Reply #6 on: May 31, 2014, 12:42:15 AM »
Quote from: stone169 on May 30, 2014, 10:49:03 AM
A couple of months ago there was a charge on my credit to some company in Utah.  We disputed the purchase and won.

But if you didn't place the order then someone somewhere has your card number and the 3 digit code on the back. You could get charged again and again and again.
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Offline stone169

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Re: Credit Card Fraud
« Reply #7 on: May 31, 2014, 10:03:34 AM »
Quote from: Metalhawk on May 31, 2014, 12:42:15 AM
But if you didn't place the order then someone somewhere has your card number and the 3 digit code on the back. You could get charged again and again and again.
True enough.  Forgot to mention that I do have a new card.
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Offline Metalhawk

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Re: Credit Card Fraud
« Reply #8 on: May 31, 2014, 01:01:48 PM »
Quote from: stone169 on May 31, 2014, 10:03:34 AM
True enough.  Forgot to mention that I do have a new card.

That makes a lot more sense.  :laugh2:
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