Are Broke Cats At Risk Using Prepaid Debit Cards?

I came across some interesting news about how a lady got $1000 withdrawn from her Greendot prepaid debit cards she just purchased from Wal-Mart. However, from what I read and understand, this is not that MoneyPak hustle that we will talk about, but this appear to be something more sinister and maybe widespread and put a lot of poor cats who depend on these prepaid debit cards at risk of losing all of their money.

Look, I’m sorry if people don’t take me for being politically correct about poor cats. Some of my best friends who I grew up with are still poor. Just keep in mind and appreciate the fact I do care enough to discuss this topic for these broke stagnant ass, below middle class, living in Dover trying to get over like a Range Rover, half-ass hustlers, ain’t putting in work mother*ckers.

Because I know how it is when all your simple WorldStarHipHop video watching behind got to your name is $200 and then you put it on one of these prepaid cards and then you lose all of your money to a scam and ain’t no one talking about it because they don’t care about you like that. From what I read and thought about the scenarios, this is really bothersome to me because when I break down what I think is going on, I hope you cats fully understand what is becoming the new highway robbery hustle going on through these prepaid cards.

Check out this video and if you cannot check out the video, I will provide a link below:

Woman loses $1,000 on Walmart MoneyCard: wivb.com

Link: http://www.wivb.com/dpp/money/4_your_wallet/woman-loses-1000-on-walmart-moneycard

Now in another article on the news site, they stated that the woman was able to get her $1000 back and some chump change from Green Dot. Then the story went on to talk about MoneyPak their service and then talked about how you should never give out your moneypak number to anybody. See there is a scam with MoneyPak where cats try to trick people to giving up their MoneyPak number and that is what you see on the GreenDot Web site at https://www.moneypak.com/ProtectYourMoney.aspx:

1.Never give your MoneyPak number to someone you don’t know.

2.Use your MoneyPak only to reload your prepaid cards or accounts you control.

3.Refuse any offer that asks you to buy a MoneyPak and share the number by email or phone.

4.To use your MoneyPak with PayPal or eBay or other online merchants, transfer the money to your PayPal account before you pay the merchant. Don’t email your MoneyPak number directly to any merchant.

5.Don’t use the MoneyPak to pay taxes or fees to claim “winnings” on a foreign lottery or prize promotion. Unless it’s an approved MoneyPak partner, don’t use MoneyPak for any offer that requires you to pay before you get the item.

6.Check this list of approved MoneyPak partners before you use your MoneyPak to pay.

So it appears that this MoneyPak product has a “number” that can be treated as cash. And the way the scam work is it appears once someone know your moneypak number, they will use that number, transfer money to their own prepaid card then withdraw the cash from an ATM machine. In the story, you should have noticed that the money was withdrawn from Jamaica and there are other places in Africa, Europe, Asia and other places this scam is going on where these debit cards can draw cash anywhere in the world.

However, and this is why I’m writing this article – this doesn’t appear to be the case that this lady gave anybody her MoneyPak number. The article and the news video stated that she went back to Wal-Mart and the second card they tried to activate and was told the card had no money on it. So that is what got me interested because now this is not some ordinarily hack going on right here- something more sophisticated is going on. And since I’m a real technology cat unlike those cornballs at Black Web 2.0, let me explain what I discovered.

The first thing that came to mind is the possibility the hackers already knew the numeric digits on the prepaid debit card itself before it is even sold? It is not hard to guess the prepaid credit card numbers as they begin with a certain number and is about 16 digits long. Any computing device with a dual-core or higher processor can run through all possibilities in a few minutes and mobile phones and tablets have these kind of processors nowadays. But then you have an expiration date which is again, small numbers for a computer because it is a 4-digit number from 12 months to 48 months out. But then you got that security code that is 3-digits that is again, not hard for a computer to guess.

I wrote similar database software to guess the Powerball/Mega Millions numbers and I haven’t won ish – in fact, the only time I won is when I did a quick pick! So with that scenario, someone or a syndicate worldwide can take a guess at the numbers that are assigned to one of these prepaid debit card firms and run an algorithm on multiple computers worldwide hitting multiple payment processors to narrow down the right card information. I doubt these prepaid card firms have super random 16-digit numbers and probably is a pattern or series these hackers know about.

Then the second step would be calling the phone and trying to activate the prepaid debit card. They probably can do this with an automated script against millions of possible card numbers and combinations as well. The hackers can probably use IP phone numbers from a lot of free Internet based calling services or prepaid phones to attempt to activate these cards with no concern about being caught. But this whole setup even though it is not hard and brute force, there may be another they took that money off that lady debit card.

Some of you shady cats already know by now that MoneyPak keep talking about a MoneyPak number that you do not share. First of all, if that is a MoneyPak number, then that is not a secure key and extremely hackable. A good security key would be something like each character can be from A-Z and 0-9 and be of a certain length like E1231PJKE3454 similar to software activation codes. The reason why software activation codes written in that alphanumeric way because they are harder to crack. But when you have a serious of numbers that I think MoneyPak has, that is only 0-9 and that ish is a lot easier to crack, even if the code is about 1024 length and that’s how I believe that MoneyPak number can probably be cracked.

But I already found out cats have software out there claiming they can crack MoneyPak codes. There are web sites and videos talking about code generators for MoneyPak and I do not know if it is possible to get these codes, find out if they work and then withdraw the money. If this lady claim is true and Wal-Mart even backed it up saying they can clean out both of her prepaid cards in less than 30 minutes, then we are looking at something very serious here that poor cats may want to think twice about using these prepaid cards.

Both scenarios I presented here where they can find a prepaid card number though guessing and just calling the automated line to check the balance or activation or use a moneypak code generator and query that account is very real. Old school hackers who used to hack phones back in the days (I will not confirm or deny I’m one of those cats) used to do this same technique where new phone accounts and new voicemails can be figured out and taken over. Just like how the News Corp did that phone hacking scandal so you should not have doubts that cats can hack prepaid cards in this fashion.

What makes this more concerning to me is the incentive where someone in Africa can basically do this hack and then withdraw cash money from any ATM in their local currency, making this hack against prepaid debit cards a global hustle. With the MoneyPak, they don’t need a PIN as MoneyPak treat their number like a bearer bond where whoever knows that number has the money. With that said, cats who ain’t got a lot of money should think twice before putting all their eggs into these prepaid debit cards. In fact, I can tell you right now that I’m personally scared of these cards because you can lose that $500 as soon as you put it in that card and you got to fight for weeks to get it back, if you can get that money back.

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