Chase Fraud

[Anonymous]

So I had someone used my Ritz card and Chase alerted me quickly.  Issue has been corrected but this is the 2nd time.  I called Chase to make sure nothing of mine is compromised as I have other personal accounts.  I was assured everything is fine and they are working hard to fight against fraud - whatever that means...

I then do my usual routine of reading the newspaper and came as this in the New York Times.  Chase is prosecuting 2 private bankers from stealing from accounts and creating fake atm cards.  It makes you wonder if this is the reason why cards are even compromised before they sent out when someone is approved.  It appears to be an inside job...

So watch your accounts closely..  Here is the article in the NYTimes.http://www.nytimes.com/2015/12/29/nyregion/2-bankers-charged-with-creating-atm-cards-to-steal-from-a...

If you hit a paywall, just copy the title and plug it into google and it comes right up or you can read in private mode on your computer to bypass the paywalll..

Happy New Year folks!!

[Discover2016]

Yikes, that is scary!

[Anonymous]

---

@Discover2016 wrote:

Yikes, that is scary!

---

It is.. I was horrified and read further only to find that earlier this year, a chase banker was caught selling customer info/data to an undercover officer.  This is really worrying. 

[Discover2016]

And now that I think about it, I always found it strange that many Chase cards were compromised before the customer even received it, leading a few people here on the forum to theorize that it was an inside job, looks like they were on the money.

[CreditCuriosity]

Yikes I know my time is coming and will be hit one day most likely.. Although at least you aren't on the hook for it, just more of a inconvenience is all and kinda a violation of privacy feeling.

Just so strange Chase seems to get hit more than anyone else...

[Discover2016]

---

@CreditCuriousity wrote:

Yikes I know my time is coming and will be hit one day most likely.. Although at least you aren't on the hook for it, just more of a inconvenience is all and kinda a violation of privacy feeling.

Just so strange Chase seems to get hit more than anyone else...

---

Same here, which is why I have text alerts on at all times.

[CreditCuriosity]

---

@Discover2016 wrote:

---

@CreditCuriousity wrote:

Yikes I know my time is coming and will be hit one day most likely.. Although at least you aren't on the hook for it, just more of a inconvenience is all and kinda a violation of privacy feeling.

Just so strange Chase seems to get hit more than anyone else...

---

Same here, which is why I have text alerts on at all times.

---

meh don't want to be bugged with them.. as stated you aren't responsible for the charges and if chase doesn't catch them you will see them within a day or two.  I just don't want to worry all the time myself thus don't set every transaction to text me only ones over 1k I believe is how I have stuff set up.  Whatever makes you feel most comfortable though and gives you a piece of mind

[Anonymous]

---

@Discover2016 wrote:

And now that I think about it, I always found it strange that many Chase cards were compromised before the customer even received it, leading a few people here on the forum to theorize that it was an inside job, looks like they were on the money.

---

Yes, there were... I am thinking this has been going on for a while and just came to light. I am particularly curious if these people had the authority to override and see restricted accounts as the article didn't say.  But very scary...

[elim]

---

@Anonymous wrote:

---

@Discover2016 wrote:

Yikes, that is scary!

---

It is.. I was horrified and read further only to find that earlier this year, a chase banker was caught selling customer info/data to an undercover officer.  This is really worrying. 

---

    I think handing out their personal info should be included in their sentence.     #dirtbags

[bz386]

Reading the NYT article, the scariest part is Chase's security practices. For example, they say that one of the employees logged into their colleague's account using his credentials. That either means that the second employee shared his credentials or he left his computer screen unlocked - both of which are huge no-no's. Also, why don't they use 2 factor authentication?

And then, how the hell were they able to create ATM cards without anyone noticing? I know Chase has machines in the branches so they can create ATM/debit cards on the spot, but you would think there is some kind of safety checks happening before that is allowed. Obviously not.

All in all, every company has a couple of corrupt employees. But normally security practices should prevent those employees from causing too much harm. Especially in a bank and especially if it is low level eployees like a branch account manager.

It looks like Chase is failing at security - badly. I'm glad I closed my checking account with them, I had nightmares about all the bad things that could happen while it was still open. I do not trust Chase at all, although the CSP is my main credit card. I might have to rethink that, too.