CREDIT card holders are being warned of a new scam which targets trying to obtain the three digit security code on the back of the card.
Nanjing Night Net

An Australian Federal Police officer has described the scam as “slick” since the scammers do not ask for your number just the security code.

The scammers have already obtained your number.

AFP employees have been contacted from Visa and Master Card with the caller claiming to be from the security department and quoting a badge number.

The customer is then told their card has been flagged for an unusual purchase pattern for goods valued under $500 such as an anti-telemarketing device for $497.99.

When the customer confirms they have made no such purchase, the caller claims a credit will be issued to the card owner’s account.

The caller continues with: “I will be starting a fraud investigation. If you have any questions, you should call the 1800 number listed on the back of your card (1800-VISA) and ask for security.”

The caller then provides a six-digit number and claims to need to verify the victim is in possession of their card.

The caller then asks the victim to turn their card over and look for some numbers.

There are seven numbers — the first four are part of the card number, the next three are the security numbers that verify the victim is the possessor of the card.

These are the numbers card holders often use to make internet purchases to prove they have the card.

The caller will ask the victim to read the three numbers to him or her saying: “That is correct, I just needed to verify that the card has not been lost or stolen and that you still have your card. Do you have any other questions?”

According to police, when checked, the real Visa security department confirmed it was a scam and in the next 15 minutes a new purchase of $497.99 would be charged to the victim’s credit card.

What the scammers want is the three-digit PIN on the back of the card.

The Australian Federal Police warned that there was any doubt about the charges to their cards or people contacting them, victims should contact the company that issued the card.

The AFP said credit card companies would not ask for card details.

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