Credit Card Cloning Scam
If you are like me, you probably believe that most cashiers and waiters are honest, hard working folk, and often harding working that you are. Waiters, bartenders and cashiers are always on their feet, hustling to keep you happy or keep the line moving at the store. But would they rip you off, right in front of your face?
There is an interesting video that shows how some scammers use card readers to swipe your credit card details. By watching this video you can help spot the tactics to know if someone is trying to rip you off.
Things to watch out for:
- Taking the credit card to an unusual spot in the pub- like the kitchen or a “better lit” spot at the end of the bar.
- Clumsy drops of the credit card
- Someone pretending to “clean” the magnetic strip
- Too much scrutiny of the signature. Are they memorizing the CCV?
Stolen credit card information is not often used immediately by criminals. A valid credit card with a pin number is considered as black market currency to hackers. They will often trade such information to other hacker groups in exchange for botnets, software exploits, or denial of service attacks. It could be weeks before anyone tries to steal money from your account.
