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  • Geebo 9:00 am on November 6, 2019 Permalink | Reply
    Tags: , , debit cards, , , , ,   

    Is there really something wrong with your Amazon Prime account? 

    Is there really something wrong with your Amazon Prime account?

    Today, we’re bringing you scams that are happening locally in communities around the country. As we always say, if it’s happening there it could also be happening in your community.

    First up is a report out of Westchester County, New York where police there are warning residents about calls claiming to be from Amazon. Residents have complained about receiving calls from someone claiming that their Amazon Prime accounts have been compromised and need to be renewed. Victims of the scam are then asked for their financial information to resolve the non-existent issue. In one case, a victim was asked to remotely give control of their computer to the scammers so they could ‘improve the security settings.’ So this scam appears to be a hybrid of phishing and the tech support scam.

    A student at Texas A&M recently found herself scammed out of $10,000 in a Social Security scam. She received a phone call with the caller claiming that her Social Security information was misused with some drug issues in El Paso. They threatened her with arrest or she could pay them $10,000. The student was then instructed to transfer money to the scammers by way of BitCoin and gift cards. No government agency will call you on the phone like this and they especially wouldn’t ask for payment in BitCoin and gift cards. If you suspect there may actually be an issue with your Social Security, call the Social Security Administration yourself at their official customer service number of 1 (800) 772-1213.

    Lastly, if you get an unsolicited phone call from someone promising you a great cable deal, it’s more than likely a scam. The Better Business Bureau is warning consumers of these fraudulent phone calls. The caller will promise you a discounted deal on your cable bill if you pay a certain number of months upfront. As with many scams, they ask you to make the payment by using pre-paid debit cards. Like gift cards, one the scammers are able to get the money off of the pre-paid debit card there’s no way of getting it back.

     
  • Geebo 9:02 am on April 21, 2017 Permalink | Reply
    Tags: coin, , debit cards, plastc   

    Add Plastc’s name to the startup graveyard 

    Add Plastc's name to the startup graveyard

    Plastc promised its backers a credit card-like device that you could pre-load all your credit and debit cards to it, along with your various discount cards. They promised you would only need your card and it would make your life a utopia of convenience. Check out what the features of Plastc were intended to be in their own YouTube video.

    Wow. Doesn’t that look like an amazing device? It’s no wonder they were able to obtain $9 million in funds from pre-orders alone. This doesn’t even take into account they were entering into a market where there were already players who had shipped product. Coin was a company that promised a similar device and even shipped units. Coin left the market after their device couldn’t overcome technical problems that caused its users to have to continue to carry their cards with them, totally negating the purpose of it. Yesterday, Plastc announced that they were declaring bankruptcy, and it seems like they’re taking the $9 million and going home without ever delivering a single unit.

    So far Plastc has not given any reason why they’re declaring bankruptcy or what is going to happen to their backers’ money. What could have been a contributing factor to Plastc’s demise was the new chip and pin form of credit and debit cards. Instead of swiping, if your card has one of the new chips you have to insert the card into the machine. Could Plastc have failed to foresee the surprisingly quick adoption of this new technology? Could they even have changed the technology used in their devices to accommodate chip and pin?

    With technology developing at an ever-increasing rate, the time between being the next hot thing and the proverbial buggy whip manufacturer is becoming even shorter.

     
  • Geebo 11:28 am on September 21, 2016 Permalink | Reply
    Tags: ATM, atm skimmer, debit cards, , ,   

    New type of ATM skimmers appear in US 

    New type of ATM skimmers appear in US

    In case you’ve never heard of an ATM Skimmer it’s normally a device that a suspect will insert into the card reader of an ATM. This device will read all the information off your ATM card,including your PIN. It’s not just ATMs though, these skimmers can also be attached to gas pumps and any other stand alone machine that accepts debit cards. These type of skimmers can be usually thwarted by firmly pulling on the slot where the card is inserted, If a part slides out, it’s probably not safe to use that ATM or other machine.

    Recently, the Secret Service released an announcement to financial institutions that a new type of skimmer has shown up in the US and isn’t as easy to spot. The skimmer, called a periscope, is a piece of hardware that is installed inside the ATM. According to the announcement, the suspects access the ATM from the top in order to install the skimmer. The Krebs on Security blog post that’s been linked to recommends that you should only use ATMs that are embedded into the bank’s walls and can’t be accessed from the top.

    Unfortunately, there’s no absolute way to always protect yourself from ATM and debit card fraud. However, you can avoid problems by just using some common sense and if a ATM machine or any other card reading machine feels shady or unreliable just pass it by.

     
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