- Original Poster
- #1
Do we sink into paranoia and give it up as a bad job.
Joking aside, these scammers are a real danger and even when we follow the prescribed systems as we are advised to do, when they fall down, the card processors ultimately hold us responsible so we get the charge back.
C&P from BBC
http://news.bbc.co.uk/2/hi/technology/7448187.stm
Loopholes in the way addresses are checked by online stores are helping fraudsters cash in, say experts.
The flaw means goods bought with stolen credit cards do not trigger security systems that check addresses.
When carrying out address checks AVS compares the house number of a customer plus the digits in their post code to those input during a transaction.
For instance, if the Prime Minister bought goods at an online store with a credit card, AVS would use numbers in the address - 10 Downing St, SW1A 2AA - to help verify his identity.
In this case AVS would use 1012 as a shorthand ID check.
By finding an alternative address that has the same house number and digits in a very different post code, fraudsters could convince AVS the address was genuine even though it was completely different.
Satisfied that the transaction was safe the shop would then ship the goods to the fraudster's address.
Joking aside, these scammers are a real danger and even when we follow the prescribed systems as we are advised to do, when they fall down, the card processors ultimately hold us responsible so we get the charge back.
C&P from BBC
http://news.bbc.co.uk/2/hi/technology/7448187.stm
Loopholes in the way addresses are checked by online stores are helping fraudsters cash in, say experts.
The flaw means goods bought with stolen credit cards do not trigger security systems that check addresses.
When carrying out address checks AVS compares the house number of a customer plus the digits in their post code to those input during a transaction.
For instance, if the Prime Minister bought goods at an online store with a credit card, AVS would use numbers in the address - 10 Downing St, SW1A 2AA - to help verify his identity.
In this case AVS would use 1012 as a shorthand ID check.
By finding an alternative address that has the same house number and digits in a very different post code, fraudsters could convince AVS the address was genuine even though it was completely different.
Satisfied that the transaction was safe the shop would then ship the goods to the fraudster's address.
