01-03-2008, 07:11 PM
Last Fall I received an email from my bank indicating that they had detected suspicious activity on my business CC. Upon checking the account on line, sure enough there were 2 charges that I did not place. I called the fraud department and they cancelled the card immediately. Because it was the weekend, I was instructed to go to the b&m bank on Monday and plead my case.
Even though, the charges had not cleared (pending) they could not stop the transactions and was told that I had to wait for the process to complete and then try to collect from the companies involved. To make an long story short, I ended up eating the charges <$100 because the companies involved were in Europe and I was not able to locate them.
I was lucky to take immediate action as I was able to detect further attempts on my account a couple of days latter.
I still do not know how the CC was compromised. I suspect because I buy a lot of computer related equipment on the InterNet, my number was either hacked from a vendor server or just sold outright by an employee.
This incident has made me very suspicous and I now check my accounts every day on line.
Even though, the charges had not cleared (pending) they could not stop the transactions and was told that I had to wait for the process to complete and then try to collect from the companies involved. To make an long story short, I ended up eating the charges <$100 because the companies involved were in Europe and I was not able to locate them.
I was lucky to take immediate action as I was able to detect further attempts on my account a couple of days latter.
I still do not know how the CC was compromised. I suspect because I buy a lot of computer related equipment on the InterNet, my number was either hacked from a vendor server or just sold outright by an employee.
This incident has made me very suspicous and I now check my accounts every day on line.