Richard Warner Online

Had an experience this week with credit card pfishing, where a bad guy (in this case, in Kuala Lampur) used our credit card gateway (the company that processes credit card charges for banks) to rip off thousands of people. We weren’t hacked; we don’t store credit card information, nor were any of our customers ripped off.

What I learned, first of all, is how lax and even carefree the credit card processor has been about this (and in fact, the FBI tells us there are many issues with this company).

Second of all, how you must keep very, very close watch on your credit card and bank statements because once a scammer successfully accesses your account with a tiny charge (1¢), he begins charging all sorts of things until your credit limit is reached or your checking account is completely tapped.

Very scary and very stressful.