There's a dangerous new credit card scam taking off right now that you need to know about. Fall for this con game and your bank account could be wiped out or your credit card maxed out. Follow along and I'll tell you how this rip-off works and, better yet, how to protect your accounts from the bad guys.
First, a little background. The front of your credit or debit card does indeed hold a lot of information about you and your account, including your name, card number and expiration date. But for a thief to really hit a home run with your account information, he or she also needs that three- or four-digit "security code" printed on the back of the card.
Just think for a moment about how many times you've had to enter that security code when shopping online and such. That's the exact same reason the crook will be pretty motivated to grab that little number from you anyway possible. And that's where this new scam kicks in.
Clever credit card thieves have devised a trick to get some folks to willingly hand over the keys to their account in the form of that little security code number.