Fraud warning: new card scam nets £1m in four months

Bank customers are falling victim to a new and sophisticated type of credit card fraud which has increased threefold since the beginning of the year.

Victims are telephoned by fraudsters and duped into revealing their PIN and then handing over their bank card to a courier in this new form of crime, which has seen more than £750,000 taken from customers since the beginning of the year.

The scam involves a person being called by someone claiming to be from their bank. They are told that their debit or credit card needs collecting as it needs replacing following fraud on their account.

The caller often suggests that the person hangs up and calls the bank back if they want to ensure the call is genuine, but stays on the line, tricking the person into thinking they’re calling their bank. The criminal will then ask the person to key in their PIN number, before sending a courier to collect the card. The victim is told the card is going to the bank to be changed but it is actually delivered to the fraudster to use along with the PIN obtained during the scam.

http://uk.finance.yahoo.com/news/fraud-warning-card-scam-nets-111508551.html

I was going to to post in the "one born every minute" forum but we don't appear to have one.