Reply
Valued Contributor
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Contacted/declined for susceptible fraud?

chan85:  little off-topic, but found this figure for the UK, do you have an equivalent US figure (couldn't find it!)

 

Card fraud losses as a proportion of the amount we spent on our cards decreases – from 0.066% during January to June 2011 to 0.063% during the first half of this year

According to The UK Cards Association, total fraud losses on UK cards totalled £185.0 million between January and June 2012. This is a 9 per cent increase on losses in the first half of last year (£169.8 million), but represents a fall of 39% from the total of £304.2 million in the first half of 2008 when fraud was at its peak.

 

Figures suggest fraudsters bypassing security safeguards by duping consumers into handing over their own details

 

http://www.theukcardsassociation.org.uk/wm_documents/2012%20half-year%20fraud%20figs%20press%20relea...


So, you have all the tech, but if a customer can be fooled......!

 

Established Contributor
Posts: 554
Registered: ‎03-13-2011
0

Re: Contacted/declined for susceptible fraud?


bs6054 wrote:

chan85:  little off-topic, but found this figure for the UK, do you have an equivalent US figure (couldn't find it!)

 

Card fraud losses as a proportion of the amount we spent on our cards decreases – from 0.066% during January to June 2011 to 0.063% during the first half of this year

According to The UK Cards Association, total fraud losses on UK cards totalled £185.0 million between January and June 2012. This is a 9 per cent increase on losses in the first half of last year (£169.8 million), but represents a fall of 39% from the total of £304.2 million in the first half of 2008 when fraud was at its peak.

 

Figures suggest fraudsters bypassing security safeguards by duping consumers into handing over their own details

 

http://www.theukcardsassociation.org.uk/wm_documents/2012%20half-year%20fraud%20figs%20press%20relea...


So, you have all the tech, but if a customer can be fooled......!

 


I don't actually. I am most familiar with my own banks info, and even to find the exact figures on what types we catch the most I would have to dig. But it would not surprise me if it was similar information. I can't tell you how often I call people to just verify activity and they interrupt me and say what do you need from me, and start listing card number, expiration date, security codes. ssns, everything! And that's unprovoked! I get customers all the time who say they got a call from someone saying they have to refund them some money, just need all their card info, and then BAM! We have western union charges being attemtped all over the place.  Customers are their own worst enemies. If a box pops up on the computer or they get a call or letter, they just GIVE them the goat!!! And they are like they had my address so I thought it was ok, when half of them are listed in the white pages....... everybody has your address!

But I have a job, so can't complain too much..... :smileyvery-happy:

WM TransUnion- 650 (6/2014) Credit Sesame Experian- 691 (6/2014) Credit Karma TransUnion- 665 (6/2014)
Amex Zync/UNICORN- NPSL/Capital One Venture One Pro -$7,000/NFCU Cash Rewards- $7,500/NFCU NavChek- $5,000/SouthWest Airlines- $5,000/Capital One Quicksilver Platinum- $3,000/Wal-Mart Discover- $6,000/Bill Me Later- $2,200/JCP- $4,700/Discover IT- $500/Care Credit -$2,300/Old Navy Visa- $2,000/New York & Company - $1,000/Capital One -$800
GOALS: No new inqs until 10/30/14. Pay off debt consolidation loan in less than 1 year. Snowball debt payments.
Last HP: 3/5/14
Valued Contributor
Posts: 1,963
Registered: ‎01-24-2012
0

Re: Contacted/declined for susceptible fraud?

Discover did it three or four times after I went a few months without using the card.

 

When I used this mysterious thing called a debit card, PNC would ring if I didn't use it for a few days or a week and then charged somethng; it got annoying fast. Their credit card does not have the same issue.

 

First National Bank of Omaha did it when I first got the card and charged about 1500 at various online places.

 

Chase blocked a purchase they said was international; I was unaware the District of Columbia was out of the United States.

 

Macy's is somewhat weird in blocking transactions on the American Express account. They do not even ring me, I just find out it's blocked the next time I try to use it.

 

Citi questioned multiple Walgreens purchases of over $500 when I first got the card.

 

Barclays and FIA have never done anything and sometimes I make a single purchase up to the limit of the card.

 

I find it strange that some issuers let it go through before ringing, and some will not let it go through at all.

Established Contributor
Posts: 504
Registered: ‎08-28-2012
0

Re: Contacted/declined for susceptible fraud?

I guess the real question is: how many donuts did you buy, GoldenloveNY??

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.