A new credit card scam uses maxed out cards

A new credit card scam is taking millions from British consumers. The scam uses very simple equipment and is capable of cloning cards worth tens of thousands of pounds. The scam involves credit cards being purchased by gangs of thieves.

A professional criminal has stated about the crimes, “These cards have already been used to their limit by the thieves, what we do is recycle them.” Nail varnish is applied to the back of the card on the magnetic strip and the numbers are flattened out using steam and a rolling pin.” We won’t go into details here to prevent people copying the method.

Once this has been done the card is effectively blank, then the fraudsters purchase credit card information from online data banks known only in the criminal underworld. Once these card details have been obtained they are put onto the wiped cards. They use a card making machine to do this part which can be bought, legally, off the internet. Investigations have shown that this method will work with all major types of credit card. Once complete the criminals can use the card to withdraw money and purchase goods.

The UV markings are left intact by the processes, which means the criminals can even enter banks and drain the cards, giving them thousands of pounds in cash. Fraudsters do not even have to alter the strip on the back or the chip when buying goods as cashiers will enter the number manually if you tell them it’s not working.

Even if cashiers start refusing to do this the fraud will still not be preventable entirely as, with a little more equipment, criminals can change the swipe details as well. A laptop and a swipe reader will allow the criminals to reprogramme the card with a victims details. The chips in the cards cannot be reprogrammed, but they can be replaced. Crimestoppers has urged vigilance against such criminal activity saying, “Everyone is a victim of this type of crime, this why we have higher insurance rates, taxes and bank charges.”