Scam Alert: Fake Flags on Your Account
It’s an old credit card con in which you inadvertently help scammers use your
plastic to make fraudulent charges. It’s back and it works something like this - A fraud investigator, typically
to verify making it. When you say you didn’t make the charge, you’re told that the money will be credited to your
account and that the company will launch a fraud investigation.But first, the caller claims, you need to verify
that you still have your card by providing the three-digit security number on the back of a Visa or MasterCard.
(On American Express cards, it’s a four-digit number on the front). Getting this security code is the point of this
scam, since it’s needed to make credit card purchases by telephone or online. With it, scammers can make
bogus charges on your account until you notice them when you get your monthly statement.
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