'Not so new' credit card scam

The Woodburn Police Department recently learned of a new trend in credit card scamming. After doing some research on the same, they learned it’s been used for the last decade, and is still being used successfully.

This scam is used by thieves that somehow already have your name and credit card number. A person will call, stating they are from the credit card company and they are investigating a possible fraud on your account. They will read off your name and credit card number to you, to gain your trust and make you believe that they are legitimate. The scammer now explains there has been a suspicious charge on your account. They give a dollar amount of the charge with a company name, and you advise that you did not make the purchase with that company. Next, the person will ask you if you have your card in your possession, to which you would naturally reply, “Yes.”

Here is the scam part: The person will verify with you that you are in possession of your card by asking you for the three digit security code on the back of the card (pictured above). When you read off the security code, they will say you are correct and then advise you that they are opening a fraud investigation on your account.  Once the scammer has your security number, they can start making transactions online or by phone on your credit card (since they already have the rest of the information required to use the card).

It all sounds legitimate, but it is not! Your credit card company will NEVER ask you to give them the security number as verification.

The moral of the story: Never, ever, give out that number — unless you are making a purchase with the card and it’s required. If you are unsure about a call received regarding your credit account, call your company directly using the telephone number on the back of your card. Do not give out any of your personal information over the phone to callers — ever.

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