“How to avoid becoming a victim of credit card SMS fraud”. The article of Pavel Khlyustov, Bar's partner, for RBC.Money

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16 February 2017

“How to avoid becoming a victim of credit card SMS fraud”. The article of Pavel Khlyustov, Bar's partner, for RBC.Money

In 2016 fraudsters intensified their activity in sending SMS purporting to be from banks on blocking credit cards and under the guise of unblocking thereof they withdraw money from the customers’ cards. How can fraudsters be identified and what has to be done in such situation?

Some days ago during the IX Ural Forum “Information security of financial sector” Artem Sychev, the deputy head of main branch of The Central Bank of the Russian Federation on information security and information protection, said that in 2016 a new type of SMS fraud appeared. Its essence is the following: you receive SMS indicating that your card has been used to make a purchase and that a certain amount has been blocked. To unlock it, you need to call the number specified. ‘Once a person has called the specified number, a man on the other end of the phone either try to find out the account number and other data, or persuade to go to an ATM (automatic teller machine) to make a transfer’ – Artem Sychev said. He also noted that such SMS-sending is often done by people who are in prison. ‘This fact complicates the investigation of such crimes’ – he said.

It is unlikely that someone can say exactly when has this scheme appeared, but it is the fact that now, in 2016, it is used much more frequently.

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