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I posted a couple of weeks ago my Paypal account being hacked into. The perpetrator used the Paypal balance to buy some web services but working with Paypal I was able to reverse the charges. Afterwards there were some attempts on Ebay to use my credit card, which was stolen along with it, to buy merchandize. They were unsuccessful. So I changed all online passwaords associated with my internet purchase accounts and left at that. I was reluctant to change my credit card number because I remember the number by heart of that consolidated account.
But I kept an eye on my credit card activities on line.
My wife lost her credit card on this joint account about a month ago. We believe she lost it in the house because there has not been any unusual charges. Over the weekend we decided to call the bank to have new cards issued, primarily because the inconvenience she has had. While on the phone with the bank I checked the account at the same time online. To my surprised, there has been two large sum of transactions, at $1,500 and $1,300 some each which we didn't do over the weekend. There were charged by the same merchant in Madridm Spain to buy some airline tickets. The bank rep told me there are two more, not posted yet.
Naturally I asked the bank to reverse them and trace the activities. I was in no time concerned about having to pay the fraudulent charges. I believe in the security of the credit system. The bank will issue new cards to us.
What I don't get still is how is it possible that these crimes succeed? When you use other people's credit card to buy things, is it possible that the transaction be not traceable? I am not saying the crooks are dumb. If it is that easy to steal someone's credit card info and use it, the bank will lose a lot of customers.
posted by 12.31.1...
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