To commit credit card fraud, criminals generally need a way to steal financial account credentials and personal details. Many scammers do this by hacking into public databases on the Web, which are mostly controlled by ecommerce stores and online shopping networks. As e commerce security protocols and online customer verification processes become more advanced, it also becomes more trivial and resource-extensive for bad elements to circumvent these latest protective technologies and systems. So, they resort to other means that can get them what they want.
Because of the popularity of online social networks and applications for the past several years, many criminal groups and fraudsters have also started to devise social manipulation tactics and confidence schemes to steal personal details, financial information and confidential credentials. They need this to commit credit card fraud, and tricking unsuspecting users in these social networks and online communities becomes a quicker and easier option for them than to hack into public databases on the Internet with fortified security protocols and verification systems.
Most criminals use popular social networks and online communities to get the first few pieces of contact details that they need to steal more private information. For example, they can send private messages to their target victims and can pretty soon manage to deceive unsuspecting users to give away their names, emails and phone numbers. These are the simplest set of details that they need to carry out their operations for committing credit card fraud.
Many criminal syndicates and scammers have been recently reported to use the confidence scams below to steal more sensitive information, which they can then use for credit card fraud. These are some of the most prevalent social manipulation tactics this year, according to the large numbers of complaints that were recently posted in Big Scammers against credit card scams and identity theft:
Newest Confidence Scams for Committing Credit Card Fraud This Year
A lot of scammers have been reported to call their intended victims and pose as bank representatives. They tell users that they could end up with huge debts and serious penalties if they don’t clear up their involvement in certain fraudulent schemes that their credit cards and bank accounts have been recently used for. To exonerate themselves from these issues, users need to provide their personal details, financial information and other sensitive credentials over the phone. When the scammer gets the user’s information, these stolen details are then used to commit credit card fraud and other illegal activities.
Many users in the USA continue to be victimized by jury duty scams, according to the newest complaints and reports in the user-generated content repository of Big Scammers. This is where criminals pose as representatives of the public legal department in the user’s local government. They call users and alert them that they can face serious charges and penalties for ignoring recent jury duty summons that were supposedly sent to them. To avoid these fees and charges, they tell their intended victims that they need to confirm their identities. They then ask for the user’s private details, financial information and other personal credentials. As soon as unsuspecting users comply with their request, their details are then used for credit card fraud and other scams.
A lot of cyber security specialists and agents of anti-Web crime government offices expect new variants of these confidence scams for committing credit card fraud and identity theft to suddenly appear in the next few weeks. That’s because almost all criminal groups and fraudsters constantly create new ways to fool unsuspecting users. To avoid similar scams, you should sign up at BigScammers.Com. This will allow you to be instantly notified via email as soon as a user posts a complaint in this online community. You’ll also be alerted via email whenever other users like online security specialists update publish complaints and reports in this website with their useful comments, tips and advice.