Loveland police working with federal officials on credit card fraud probe

The Loveland Police Department has now received more than 500 complaints of credit and debit card fraud since an influx of calls reporting unauthorized charges began on Oct. 14 and are investigating alongside federal authorities.
Loveland police said in a news release that new credit/debit cards have been using information that was compromised.
Police say they don’t know when the accounts were compromised and are working with the victims, other law enforcement agencies, federal authorities and f... The Loveland Police Department has now received more than 500 complaints of credit and debit card fraud since an influx of calls reporting unauthorized charges began on Oct. 14 and are investigating alongside federal authorities.
Loveland police said in a news release that new credit/debit cards have been using information that was compromised.
Police say they don’t know when the accounts were compromised and are working with the victims, other law enforcement agencies, federal authorities and financial institution investigators.
The fraud ranges from “several dollars to several thousand dollars” per person.
Police said the accounts might have been compromised as long as several months ago even though there was no fraudulent use until now.
“We especially want people to report cases to us where cards have been used in Colorado,” stated the news release. “At this point, we do not believe that any of the accounts have been used fraudulently in Colorado or the surrounding states.”
Police also point to reports of “phishers” calling residents, claiming to be from a financial institution and asking cardholders to provide personal information to “confirm” the account.
“We do not know if these ‘phishers’ are in any manner related to the original thieves of the accounts,” the news release said.
Officials remind residents not to provide account or personal information to anyone you aren’t certain works for your card’s issuing agency. If you suspect fraud, hang up and call the customer service number on the back of your card, not the number that the automated call may generate.
Read more: http://www.coloradoan.com/article/20111022/LOVELAND0102/111021027

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