How do ID thieves spend $12,000 in just a couple of hours at Walmart without anyone noticing? Quite easily, apparently. Which is why one CEO of a Texas-based bank is criticizing the nation’s largest retailer.
NBC Dallas/Fort Worth reports that scammers in the Fort Worth area went on a Walmart spending spree over the weekend with fake debit cards created using information stolen from data breaches at other retailers.
The CEO of Citizens National Bank of Texas says that he learned over the weekend that his fraud department had flagged $12,000 worth of Walmart purchases made in the area over the course of only a couple of hours.
“I just wish they would check ID just a little bit,” says the CEO. “If they would just be a little more responsible and check who they were doing business with. Ask for a driver’s license. What’s it take? Two seconds.”
These debit card transactions were presumably processed as credit cards since that doesn’t require the user to enter a PIN.
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3 comments:
Wy wifes credit card numbers were used at a walmart in California. Easy to check id. No id, no purchase. That should stop most in person fradulent charges.
Actually, credit card companies tell merchants to not check ID's. It's in their agreements.
Somehow I don't think you are right 6:38. I could be wrong, but I just don't see the logic in that theory. What's the point? I'm not trying to be a smart as*, just wondering because that seems really odd to me.
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