New Credit Card Scam Targets Consumers by Phone

Credit cards scammers have a new tool to defraud consumers. Most people have heard of “phishing,” when fraudsters ask consumers to reveal personal credit information in response to a fraudulent e-mail message. This new scam is called “vishing“ – phishing by phone. Fraudsters prompt this new scam either by e-mail message or by a phone call, which can be recorded or live. Typically consumers will be asked to type in an account number or other information over the phone. The thief then uses this information to steal credit or for identity theft. Thieves often use huge lists of consumers’ names...

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