Debit Card Fraud....

Another thing you can do if you have to use a debt card for purchases is to cancel and swap it out every 6 months or so. Most of the time if you card is skimmed it takes them sometime to start to use it. A lot of the time the numbers and pins are sold by the one who stole the data. There is a little lag time between the stolen data and use so by swapping the card early and often you can stay ahead of them. Depending on your bank this is pretty easy to do.
 
No debit cards. My SIL and BIL have been jacked numerous times. They have an old fashioned but well meaning notion that you should not spend more than you have and they think debit cards are the way to do it. Direct link to cash in my bank account? I dont think so. My 2 CC 's get jacked about every 2 years. Banks money. Not mine. I think they try harder to get their money back than they do mine.
 
As I understand the law, the maximum potential loss on a single credit card is $50.
  • You lose your card, you DON'T advise the bank and they charge $10,000. Your maximum loss is $50.
  • In the same case, you DO advise the bank. At that point, it's 100% on the bank.
That is protection that's NOT available for debit cards. So, the only debit cards I use are those that arrive as rebates. Spend 'em and toss 'em.
 
The solution is to quit using physical cards.
I hate to say it but the NFC Apple/Samsung/Google payments system (aka mark of the beast lol) is much more secure because it creates virtual cards that are only one use. Think of a prepaid card that only works once.

If you want to be secure online, then get you a virtual card that you pre-load like MOVO. These work great as one-use virtual cards with a number/exp date etc. No way to steal anything from that.

I quit using my debit card wherever I can use Google pay or Samsung payment at the terminal. I also quit using a bank card at gas stations due to the proliferation of card skimmers going internally into the pumps.

haven't had any fraud in over 2 years after having a rash of it back to back at quite a few places.
 
My discover card just got hit for $430. Some fatty made a purchase from Isagenix Worldwide. Luckily, Discover knows I'm too fit to be ordering something from them, so they alerted me and will be sending me a new card shortly. Please don't be posting stuff in the hot deals section until I get it.

Also, my buddy's PayPal got hacked. He noticed he had gotten a couple of emails from them, but they were in French. He said he doesn't speak French, so he had been deleting them. He finally logged on and he says the website was in French. Although he couldn't read it, he could see two pending withdrawals. They totaled $3000.

PayPal is giving him his money back, but it hasn't showed up yet. It's already been a few days.

I just went to the PayPal site and set up two step verification.
 
I had a jewelry store card that was $0 balance hit before last Christmas to the tune of $7,000 (the limit). I strongly suspect it was an inside job, as the card wasn't a 'debit' or Visa/MC but just a store card. It was used in a store in Juliet, Illinois.

I have never been to Illinois (nor do I plan to ever be) so we reported the fraud as soon as we got a statement (with a $0 balance we didn't get any statements so when it showed up it was a red flag)

I guess someone in the Chicago area had a nice Christmas. They completely closed the account and cleared it for me, but it had already been reported to the credit bureaus as a maxed out credit card. Took a few weeks to clear all that up.

So if you have a store card with a zero balance, call and have them put a hold or pin on it, dont let that credit just sit out there waiting for someone to find and steal it.

Also, I use a gas station card to get gas, not a general debit or VISA/MC..........this limits where a thief can spend the ill-gotten gains from a card skimmer. Shell even offers a 'debit' card that only works in their store and has a 20-gallon per transaction limit.
 
You must log in or register to reply here.
Back
Top Bottom