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Attorney General: Don't Give Out Card Security Code

Last updated on Friday, November 2, 2007

(INDIANAPOLIS) - Indiana Attorney General Steve Carter is warning Hoosiers not to fall for the latest phone scam.

Carter says scammers, sometimes known as "phishers," are trolling for information on consumers' credit cards.

These phishers are telling victims they are from their credit card company and they are investigating a potential fraud on their account. They then ask for the 3-digit security code located on the signature panel of the card, which is primarily used for internet transactions, to verify the card is actually in possession of the person using it.

The scary part is, these phishers already have your name, credit card number, address and phone number. All they need to finish the job, and rip you off, is that little 3-digit security code.

Carter says if anyone calls you, for any reason, claiming to be a fraud investigator, hang up and call your credit card company.

And, to top things off, always remember that credit card companies have other means to verify your identity, like pre-set security questions, such as "what is your mother's maiden name?" They will never ask you for information off of your card...they issued it to you, which means they already have it.

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