Fraud Crimes Associated With Credit Cards

Owning a credit card is a huge responsibility. Any user should be responsible of her personal information as thieves today have gotten more creative in stealing personal information to gain access and use the credit card for their own purposes. Be careful you don’t fall into the trap of identity thieves. Below is a list of information that you should be aware of.

Did you know that every year there are over 9 million Americans who suffer from identity theft?

Identity theft happens when someone steals your personal information like your credit card, your Social Security number, and other information to steal your identity and commit fraud or other forms of crime. It may be used to fund serious crimes like terrorism, espionage, and many others.

Did you know that there are two categories of credit card fraud?

According to experts, credit card fraud has two categories, the account takeover and the application fraud. The former involves the culprit getting enough personal information of the credit card holder that he is able to change the card holder’s billing address. He can then report the card lost or stolen so he can get a new card and use it to his purposes. Application fraud, on the other hand involves opening credit card accounts using another person’s name without the person’s knowledge. 

Did you know the trash you so want to get rid of can be a blessing to thieves?

Experts call this dirty tactic dumpster diving. Thieves obtain personal information from your trash then use it to commit identity theft without you knowing it. There are other ways to retrieve information from you but it is best that any personal information on paper should be shredded or burnt and not just be thrown in trash bins.

Trivia Info Resource: www.cbd.ae