Identity theft scammers offer low-interest rate credit cards
Scammers have committed identity theft by stealing large amounts of personal and financial information from thousands of people. They place fraudulent phone calls and offer lower interest rates on credit cards, an investigation by CBC’s Marketplace has found.
The scammers request a service charge between $500 and $5000 dollars to reduce the victim’s interest rate. The victim is required to supply their name, date of birth and address, as well as their credit card number, expiration date and CVV number.
Originated in Pakistan
Marketplace obtained a leaked list of records from an illegal call center in Pakistan, which “contained a wealth of sensitive personal information, including credit card numbers, social insurance numbers, addresses, maiden names, employer names, and annual incomes.” The information of nearly 3,000 Canadians was discovered in these records.
The information stolen in these scams is essential to committing a host of other types of fraud, according to Muhammed Yousfi, a former call-center operator who now works in fraud prevention.
Emily Wilson, vice-president of research for Terbium Labs, says that once someone’s information is compromised, it will be available for use in future attacks for decades. New-school security awareness training can help your employees avoid having their information stolen by teaching them to be cautious about who they trust.
CBC News has the story: https://www.cbc.ca/news/canada/marketplace-low-interest-credit-card-scam-identity-theft-1.4990040
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