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AssetShot (scam?) forex broker experts: Top Bank Card Fraud Methods in 2021

02 / June / 21 Bunsi Shakiramal Visitors: 20 Rating: ★★★★★

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What methods of carding are the most popular, what to do if the fraudsters find out the details of your bank card, how to protect yourselves from theft and what are the chances of getting the funds back - in this material AssetShot scam detection expert shares some tips. 

The most common methods of theft of funds from bank cards (carding) are based on psychological methods of persuading, deceiving or intimidating customers. According to the AssetShot review, more than 80% of all attacks are related to social engineering. The most popular among fraudsters is bank phishing - this is the name of the process of exporting personal data from bank clients.

How scammers work - AssetShot scam check

Posing as bank employees ("security service" or "financial monitoring service"), they report suspicious activity and offer to dictate card details so that the bank takes measures to protect funds.

They persuade to transfer money to a separate account, ostensibly to protect them, this can be done online or by withdrawing money from an ATM - in this case, the client can even order a taxi to him.

They ask to install special software for "funds protection", with the help of which fraudsters can steal card data and issue a pre-approved loan, and then withdraw funds.

Since the beginning of the pandemic, scammers have been actively exploiting the topic of coronavirus, whether it is “free” diagnostics, medical assistance, benefits, compensation, refunds for air tickets and other pretexts, ultimate goal of which is to transfer money.

In some cases, attackers offer to transfer money to a third-party account to pay state fees for future compensation.

AssetShot scam detection team warns! You should not disclose your card details to third parties, including the four-digit PIN code and the three-digit CVC code indicated on the back. Of course, support team may ask you for your bank card picture. But they will never ask you to tell them your CVV code. When scammers make a call, there’s even a possibility that a real bank phone number will be displayed. They may also address themselves as police officers or credit bureaus.

Email phishing, social media, and fake websites - AssetShot scam check


AssetShot scam detection team warns! Emails sent by fraudsters may contain links to fake sites imitating pages of online stores with big discounts, as well as hotels, airline ticket services, insurance companies, and various departments. Emails also come under the guise of receipts for payment of utility bills or in the form of official notices from banks and other organizations.

Another popular scam is related to sales on ad sites, where a buyer, using a fake link, enters data to pay for a non-existent product.

In social networks, scammers send messages to the list of friends from a hacked account with a request to transfer money to the card. Such information should always be double-checked through other communication channels. scam detection team warns! No need to follow links from suspicious emails. Beware of paying for purchases on suspicious sites, do not transfer money if you are not sure of the recipient. Control all account transactions and use antivirus software.

ATM scam - AssetShot scam check

Theft with the use of special readers (skimmers) and overlays on the pin-pads of ATMs is becoming less and less due to the improvement in the technical equipment of banks. They are being replaced by a simulation of situations with elements of social engineering. In one of the scenarios, a fraudster (usually an elderly person) “forgets” the card at the ATM and then asks to remove it from the person who is nearby. Having received the card back, the attacker, together with his accomplices, checks the account balance and claims that the money is gone, after which he demands to return it. scam detection team warns! No need to use other people's cards from ATMs. If the card has already been removed and threats are received, it is recommended to call the police.

What to do if fraudsters receive data and withdraw money from the card

1. Call the bank, block the card, claiming the unauthorized use of funds

2. In the bank office, draw up a document of disagreement with the operation

3. Submit a report to the police about stealing money from the card

To minimize the risk of losing money, it is better not to tell anyone on the phone the card details and codes from SMS. Unless it was a call from a support team to help you. Do not enter card data on sites that you do not trust 100%, do not download mobile applications from unverified sources, and use an antivirus. But the best thing is to never keep on a plastic card an amount greater than the one with which it is not a pity to part.

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