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Apparently there's been a "Third Party Compromise"... which she thankfully defined as... "someone called acting as a bank employee, had your SS#, address, etc..., and was able to obtain access to your account."
Not only have I had $11,500.00 (US) attempted to be stolen today... but $24,500.00 on Wednesday. The theives got nothing due to a fraud alert from the bank, apparently in place for several days without my knowledge.
I've consulted with an attorney... closed all of my financial accounts and cards, issued a fraud alert with the credit bureaus, filed with the local police and Texas police, filed a complaint with the FTC, and the list goes on...
What a hassle!
Peter
Tell you the truth I dont think the average copper understands it.
Imagine....
Copper 'Well they aint speeding and the cars taxed, so what ave they done wrong?'
Oh well... it breaks the monotony I guess (or the bank).
Crime of the month of in England, police wont and dont do much about it.
Last year we had a guy commit cc fraud on our site... funny thing is that the card # he had belonged to a cop. The guys was caught within days and prosecuted. Shame the dont do it for the rest of us.
on the issue of why cc rates are high ... fraud isn't the case... merchants float the bill on that one. trust me .. we've been ripped for at least 4-6k this year alone. you try to defend yourself as a merchant "confirmed billing" etc... half the time we are denied. Sad really .. worst ones are discover cards.
[edited by: Bewenched at 11:55 pm (utc) on Aug. 15, 2006]
After getting all new accounts... it's happening again.
Flying to Dallas on Tuesday... was able to find out the perp's address... and glad I have a relative that works for the FBI.
I just hope the person(s) is caught.
Just returned from Dallas, after spending 10+ hours over 2 days at their local FBI office... they'll 'investigate' the case... we'll see.
Have also found out that it was a 'Bank in America' that is/was negligent for the information being stolen because the employee number used doesn't/didn't exist, and wasn't verified.
Meeting with attorney tomorrow.
... and the fun continues. :(
Getting your ID stolen is a nightmare.....but, the associated security involved with preventing it is also a nightmare!
We use Discover and Amex for most transactions. Discover have cancelled our cards twice in the last 4 months due to possible fraud, Amex once in the last 2 months.
In all cases no apparent fraud occurred, but, it is a hassle to be declined on transactions to later (60+ hours) get a call from the CC company telling you that they decided to issue new cards......."Just in case"!
We historically used Amex and Discover because we felt their "cash back" programs were valuable.....if our cards are going to get rejected due to "possible" fraud so often I think I'll go back to my money clip in pants pocket.
Looks to be a theft-ring, as this person had the identity of 12 other people as well.
As the agent told me today... "Shaniqua will be burnt like toast"... now off to find the other 2.
