'Card-Cracking' Scam

‘Card-Cracking’ Scam
The New York State Department of State’s Division of Consumer Protection is alerting consumers to a check-depositing scam that is resulting in depleted bank accounts.

College students are being targeted through email or social media by scam artists looking to utilize victims’ debit cards in order to cash phony checks. Once recruited, the victim is asked to share his/her debit card and pin number, giving the scammers direct access to the bank account.

For this scheme, participants are promised a cash sum equal to half of the check’s value. Students will see a huge deposit in their bank account, followed by a withdrawal of half the money deposited. However, once the bank confirms the check is fraudulent, the victims will be responsible for any money withdrawn from the account.
The New York State Division of Consumer Protection warns consumers to be wary of unsolicited offers. To prevent falling victim to this type of scam, please take note of the following tips:

  • Remember the adage, "If it sounds too good to be true, it probably is"

  • Avoid high pressure tactics that stress immediate action at the risk of missing an opportunity

  • Be wary of potential employers who ask you to transfer, receive and/or deposit money

  • Never share your account information, debit card or PIN with anyone

For more information regarding scam prevention and mitigation, please contact the New York Department of State, Division of Consumer Protection at (518)-474-8583.