The Evolving Face of Credit Card Scams

An anonymous reader writes "The 12 Angry Men have a followup to their piece on the cross-sell scam credit card companies have begun using. Their new article concerns another evolving scam being employed, where users are racking up huge fees and charges on cards that have never even been activated. The article goes deep into the standard way the scam plays out, as well as detailing some interesting history on how credit applications are processed, and where they are typically (and frighteningly) subject to tampering."

Comments

Come on

[2.7182]

you have to give them credit for originality.

Re:They're all a bunch of bastards

[ScrewMaster]

I'd say accept that $24,000 card and use the credit to hire a good lawyer to sue their pants off.

Re:Simple (sort of) solution:

[nilbud]

All very well for addition, even subtraction but multiplication and division are gateway processes and can lead to differentiation and even (lord help us) statistics. Kids there is no such thing as a "standard" deviation.

Old fashioned

[jeremyp]

You Americans make me laugh with your old fashioned credit card scams. Here in the UK we have streamlined the whole process.

Our government just gives out everybody's personal details.

Re:Simple (sort of) solution:

[Ubergrendle]

"The particulars of the relationship however are not the point and thus were omitted."

Sounds pretty straight forward to me -- he was sleeping with her and received financial gain. There's a word for that, I'm trying to remember it...um...