days and in some cases weeks before the victim realizes the credit card is missing. We always hear of and receive emails informing us on credit card fraud scams. A credit card fraud scam may involve theft of data linked to the credit card 薛之谦唐禹哲激吻 嫁外国小伙离婚难

Business Consumers love credit cards. It is so convenient and it provides credit. If the credit card holder is a smart user, the credit card is indeed very lovable. In most developed countries, the average credit card debt per household is close to $20,000 and the average credit card per working adult has is 3.5 credit cards. With the popularity of credit card, thieves also love credit cards. Credit card fraud has become a very common crime and it has been very costly for the victims. Credit card fraud cost can be translated to billions of dollars per year and what is more alarming, the cost rises steadily every year. Credit card fraud definition is theft or fraud committed by using the credit card to perform purchases of goods, services or to access funds illegally. Identity theft is also a very big contributor to the credit card fraud statistics. What is credit card fraud? The fraud begins with the theft of the physical credit card itself. Statistics on credit card fraud show that most stolen credit cards are then used to purchase goods where a self serve payment system is in place, such as utility bill kiosks and petrol stations. It is also fairly easy to purchase goods over the Internet and to a seasoned thief, forging a signature is second nature. Thieves love credit cards for they are able to continue making purchases until it is canceled by the issuing bank. It may take hours, days and in some cases weeks before the victim realizes the credit card is missing. We always hear of and receive emails informing us on credit card fraud scams. A credit card fraud scam may involve theft of data linked to the credit card, account and funds. Many scams will lead to illegally obtaining the account number and sadly, authorization to use the credit card. Ironically, one of the biggest credit card scam is one where the thief impersonates a representative from the credit card company and calls the owner to warn them of a scam. The phone call will usually lead to some form of verification, such as confirming the three digit security number on the back of the card. Many victims fall for this scam as they only realized the oddity after illegal purchases are being made. Every time we hear of a credit card fraud, we think to ourselves that we won’t be that naive to fall victim to one. Many thieves and criminals are getting very creative with their fraudulent acts. And we shouldn’t deny the possibility of falling victim to one. We should always be extra careful and alert when receiving phone calls, email and messages requesting us to reply by providing personal information. Many scams involve telemarketers ‘unbelievable discounted deals’ and ‘congratulations, you have won’ and ‘act now’. Always be more alert, ask for the telemarketers name and ID and check with the physical company before committing to the deal or packages. As we now rely heavily on the Internet for convenient payments, purchases and transfers, always be extra careful with the information and passwords. Arrange with the bank to lower the credit card limit or request for further verification. This may sound troublesome, but think of it as steps to protecting your hard earned cash from credit card scam. About the Author: 相关的主题文章: