Pond scum sucking fraud artists...

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I

HATE

debit cards. And will NEVER own one. Too much risk.


http://clarkhoward.com/shownotes/category/7/40/225/
Apr 20, 2009 -- Debit card PIN theft is hot in the criminal world

The security used by the nation's banks is so pitifully antiquated that even the criminals are complaining that crime does not pay any longer!

In a true case of supply and demand, there are so many stolen credit card numbers floating around that each one is now worth less than 60 cents!

The problem is that we still use 45-year old magnetic strip technology on the back of our credit cards. Meanwhile, much of the rest of the world is using smart chip technology. Smart chips require you to enter an additional secret code -- so you're protected even if someone steals your credit card number.

According to PC Magazine, the big thing now is for criminals to steal PINs from debit cards. That allows them to empty your checking account, and then you get stuck with overdraft fees.

Where are the breaches happening? About a third of the time, it takes place at a retailer. Another third of time, it takes place from within the banking sector. And the rest of the time, it occurs at a variety of places like hotels and restaurants.

The main culprits are crooked employees doing inside jobs.

We get calls on the show where this happens and the banks typically treat you like you're guilty until proven innocent. The banks assume it's your fault and you're behind the ruse.

So how can you protect yourself? One solution is to turn off the 'debit' function on your debit card. See how one listener got his credit union to do just that.

If that doesn't appeal to you, it's then your responsibility to check your account each and every day of the year to nip any theft in the bud.

Remember, there's precious little protection under the law for you otherwise. There's no requirement for the bank to return your money in a timely fashion, nor for them to remove any overdraft fees you may incur.
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Clark Howard has a whole bunch more advice on credit/debit cards.
I think everyone should learn their rights in regards to both.
 
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They can't divulge where because in order to catch the criminal, the police watch the site. The twits do come back to remove their reader. The bank security works with the police and the bank calls the victims.

V
 
I am sooooooo sorry V. I know the feeling....Had my pocketbook stolen....what a mess...I hope the bastards puke tonight too......
Becky
 
Sorry this happened to you, V!
 
Victoria said:
They can't divulge where because in order to catch the criminal, the police watch the site. The twits do come back to remove their reader. The bank security works with the police and the bank calls the victims.

V
Click to expand...
This is true. They wouldn't tell me either BUT the only store we had shopped in in that town was at the same store (Staples) during the time of the crime and that the media had mentioned in their reports. So, it wasn't hard to figure out.
 
shannonlovesflowers said:
Huge mistake that people make.....

Never EVER leave sight of your card.

Cover the numbers on a pin pad with one hand before typing in the numbers with the other. Who cares if people think you look stupid.

PAY ATTENTION when you do have to hand off your card. Be sure it is swiped in one location.
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Shannon,

It's good advice but sadly, it doesn't help. My assistant's husband recently had his card info stolen. All it takes is a swipe of the card and if someone steals that information then it's all over.

They think it was stolen from an auto parts store. Not by the employees of the store but by thieves that hacked into the system. They stole all the credit card information that was used at that location and then created new cards with the info. Also, I was shocked to find out that they have a way of finding your home phone number and using a system to call the credit card company from that number (or so it looks like they are calling from your home number) and get a new pin number so they can access your cash.

They never let the card out of their sight but the criminals still used the card to get over $7,000.00 in cash from an ATM. It's sickening, really.
 
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