Chicago Document Storage Services

While Vanguard Archives with services including Chicago Document Storage, document transport, and document scanning deals with important aspects of large scale physical data protection, there are numerous smaller scale attacks on information and financial privacy developing constantly and affecting thousands on a daily basis. Understanding these developing threats and rising to meet them is the only way to keep one’s footing in the ever changing, digital, data-centric financial world we find ourselves occupying today.

The newest form of credit card fraud, for instance, is known as triangulation and affects those frequenting online bidding sites like eBay, very useful for individual consumers and small businesses looking for deals on printer supply, used technology, and other important and costly standbys. The scam begins when an online shopper stumbles across an extremely under priced product on Amazon, eBay, Play, or another site, listed under buy it now or with a very short length auction. Of course you jump on the bargain and win.

In the classic model of this scam the seller will only accept postal orders (which are suspiciously untraceable). However others have perfected methods of using your credit card number to accept the payment. Where the scam portion of this deal comes in involves who actually sends you the product. Once the scammer has your payment they actually use a stolen credit card number to buy the product from an online retailer who then ships the product to your house. In the end the scammer manages to turn a stolen credit card into your cash without a direct trail leading to them. And in the case of the postal transfer they are completely untraceable.

However, these online sites have invested heavily in technology to screen for these scams and many like it, blocking numerous transactions that seem like they could possibly be fraudulent (many of which are indeed). Unfortunately, because many scammers target smaller online retailers due to their lower investment in counter-fraud technology and staff, this means that these measures are actually biased towards harming the sales volume of smaller sellers who need every transaction they can secure.

If you order something from a small seller but receive it from a larger seller (and a different company) it is very possible that you have been a cog in this scam. It is in your best interest to immediately contact the marketplace you bought from so that they can track down the guilty party and also contact the proper trade authorities.