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Identity Theft: Fraudulent Use of the CVC

An interesting article pointing out the way crooks use that 3-digit code on the back of your credit card was published in the Newark Advocate Saturday.

The 3-digit code on the back of credit card is called the customer verification code (CVC) requested when making phone purchases, and increasingly often when making online purchases. It is used to help prevent credit card fraud.

This article makes the point that bogus webstores, and crooks on the other end of the phone posing as a legitimate business, will request this 3-digit code along with your credit card number and then, viola, they can now go and use your card number along with the CVC.

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Posted by Rebecca Herold on February 19, 2007 12:30 AM |

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Rebecca Herold's Bio:

Rebecca Herold,CISSP, CIPP, CISM, CISA, FLMI, has been providing information security, privacy and regulatory assistance and services to organizations from a wide range of industries for over 18 years. Rebecca was instrumental in building the information security and privacy program while at Principal Financial Group, which was awarded the CSI Information Security Program of the Year Award in 1998. IT Security ranked Rebecca as one of the top 59 IT security influencers, and Computerworld put Rebecca their list of the 25 top privacy experts and on their list of the 9 best privacy consulting firms. Rebecca has been CPO for two consulting organizations, and has had her own information privacy, security and compliance business since 2004. Rebecca has written chapters for several books, dozens of articles, and has been writing a monthly privacy column for the CSI Alert newsletter since the beginning of 2001, and is working on her 11th book. Some of her other books include The Privacy Papers, Managing an Information Security and Privacy Awareness and Training Program, The Definitive Guide to Security Inside the Perimeter (Realtime Publishers), The Shortcut Guide to Improving IT Service Support through ITIL (Realtime Publishers), and The Practical Guide to HIPAA Privacy and Security Compliance. In addition, Rebecca is the leader of The Realtime IT Compliance Community where she posts to her IT Compliance weblog. You can contact Rebecca at: rebecca_herold@realtimepublishers.net.