POSB debit cardholder discovers fraudulent US$20 charge for 'ChatGPT subscription' and so do others

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Stomper: 'I checked with my friends and a lot of them said they experienced the same thing.'

also reported deductions for"ChatGPT subscription" even though they never subscribed to the paid version of OpenAI’s artificial intelligence programme, which was launched in February and costs US$20 per month.said:"I was checking my POSB debit card transaction and found a suspicious transaction of US$20 for a 'ChatPT subscription'.

"The bank explained that scammers have managed to churn out correctly the 16-digit debit card number, card expiry date and the card validation value . While the bank has in goodwill returned the money, what struck me was scammers were able to guess correctly all three domains correctly. "We deduced that the bank must have somehow leaked out our details unknowingly instead of scammers churning out the data.

Also, most merchants do not require the user to provide two or more verification factors to make transactions that do not require physical cards to facilitate the ease of use, Mr Lim said, noting that BIN attacks have been rising in tandem with online purchases.

 

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