How did this happen

37chief · Apr 23, 2013

Almost have the IRS convinced they made a $68,500.00 mistake in my income for 2011, and I don't owe over $20,000.00 in back taxes. Today my wife was looking over our credit card expenses. She found soneone has hacked into my card number and has been spending my money for them selves. I got the card cancelled. The bank says they will return the money into my account (I hope) Who payes for this if they return money back into my account? How can these bottom feeders use my card number without my card, or ID. I still have my card. Disgusted in Califounia. Stan

bo · Apr 23, 2013

Credit card company eats it. Your responsibility is $50 but they often don't collect it. Mine was ripped from the bank and used in Bangelore India..they spent couple of grand before the card company caught on.

old · Apr 23, 2013

I have had it happen more then once when using a debt card on the internet to buy something. The internet is not real good at keeping others form finding your number and then running with it. In less then 3 years I have had to have my card changed 3 times. It can even happen if you do things over the phone if the company runs it by way of the internet

TomH in PA · Apr 23, 2013

Most credit card thefts are from using it in person. If you go to a restaurant and hand the card to the waitress she can write down the numbers in 30 seconds.

Anonymous-0 · Apr 23, 2013

I had someone get a hold of my CC #, they tried to ring up $1700+ in auto parts, in MA. Bank had me sign an affidavit, that it wasn't my charge. I would check the list of charges, make sure there's no donations to the DNC!

pat sublett · Apr 23, 2013

I have had it happen twice and both times the cc company called me before I realized it. I dont know how they found out.

MarkB_MI · Apr 23, 2013

It is a cost of doing business for the credit card companies; they're required by law to eat the fraudulent charges, which is why they often notice a problem and block your card long before you see the fraudulent activity. Of course, they just charge back the company where the fraudulent charges were made, where it's a cost of business for them that they tack onto their prices. So, to get to the point, you and I end up paying for it.

Understand that your credit card number is a commodity that is bought and sold. The number can be lifted any place you do business, whether in person, over the phone or on the 'net.

Jason the Red · Apr 24, 2013

The credit card company will reimburse your money to you. They then go to the retailer, restaurant, etc. That received fraudulent payment to get their money back. That is why when making a purchase with a card, you are supposed to show ID.

greygoat · Apr 24, 2013

I was on the Board of Directors, of a Credit
Union for 10 years. Don't worry about who is
going to pay. Our credit union pays A LOT to have
insurance to pay for such events, Big Banks pay
Big money to have Big insurance for such things.
(Fraud insurance)

W_B · Apr 25, 2013

(quoted from post at 00:47:38 04/24/13) I have had it happen twice and both times the cc company called me before I realized it. I dont know how they found out.

Only once for me, got a call from bank that someone tried to use our cc number at a store in Spain. They blocked it twice and they reissued the card, sent the new ones Fed Ex too!

How did this happen

37chief

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bo

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old

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TomH in PA

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Anonymous-0

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pat sublett

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MarkB_MI

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Jason the Red

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greygoat

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W_B

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