The student is coached to then report the card to the bank as stolen in order to get the funds reimbursed.īy the time the bank discovers that the deposited checks were fake, the money has already been withdrawn.Now that the thief has access to account numbers and PIN information they withdraw some or all of the money in the account.The thief deposits phony checks using a mobile deposit app. The thief then pressures the victim to grant access to a savings or checking account in exchange for some easy money on the back end. Card Cracking involves online solicitation through social media: a tweet, Facebook, or Instagram post offering a way to “get some fast cash” often disguised as a scholarship opportunity.Who couldn’t use some extra money, especially high school or college students that are just finding their way in the real world? The newest get rich quick scheme is called “Card Cracking” and it is aimed at the younger generation who are new to credit cards and bank accounts and maybe just gullible enough to believe that if it is on the Internet it must be legitimate, right? “Card Cracking”- How it works: “Need cash quick with no strings attached? Have I got a deal for you?”
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |