Fraudsters are getting all the information they need directly from credit card holders using yet clever social engineering scams. Banks and consumers need to stay vigilant and be aware of constantly evolving attack schemes.
As reported by the BBC, scammers have phoned Ritz restaurant reservation holders with the "exact" details of their bookings, while requesting the confirmation of their payment card details. The fraudsters, pretending to be Ritz employees, used call ID spoofing to appear to be from the hotel. One guest speaking to the publication said a scammer called her a day before she was due to visit the Ritz for afternoon tea. After requesting that she "confirm" her details, the fraudster said her card had been declined and then requested a second payment card. The scam artist attempted a number of transactions exceeding £1000 from retailer Argos. However, the guest's bank spotted the odd payments. the scammer then called again pretending to be from her bank to obtain the three-digit security code from the payment card, which would authorize future transactions made.