Its one of the fastest growing crimes in the country, and most victims are unaware theyve become a target until long after the crime is committed. Were talking about identity theft. In todays world, information travels faster than ever, and that includes your personal information. If it falls into the wrong hands, your personal info could be used to acquire credit cards, loans, or to open accounts.
Identity Theft – Who Is Using Your Credit Card?
Sometimes you get a shock when you open your credit card statement, and it’s not just because of the phenomenal amount you spent on clothes last month. Occasionally there may be transactions on your credit card statement that don’t look familiar. Sometimes this is a simple banking error, but it’s worth paying attention, because you may be a victim of identity theft.
Coping With Identity Theft
Lock your doors, hide your money in the safe, hire security guards to protect your prized possessions, but what can you do if someone stole your identity? If something valuable is stolen, you can call the police and hope to get your stolen property back. Rightly termed as the crime of the 21st century, victimizing millions of Americans, you can do very little if you find your identity stolen. Identity theft is on the rise, and nearly everyone is vulnerable to this new-age for…
The Rise Of Credit Card Identity Theft
Personal identity theft is a huge runaway business made even easier with advances in computer technology. So far as credit cards are concerned, personal identity theft is now costing card issuer billions of dollars a year.
Protect Your Credit Card
In addition to protecting your credit rating, it is also important to protect the physical credit card itself. Identity theft has become a problem that costs consumers and companies billions of dollars each year.
Credit Card Fraud Prevention
Globally credit card fraud costs card issuers billions of dollars a year in fraudulent use of their cards. Some of this loss is passed back to retailers who failed to comply with the normal processing method for the card.
Avoiding Credit Card Fraud
With all the horror stories that you may hear about identity theft, credit card fraud and security of your credit card, but what can you do to prevent becoming a victim.