Credit card fraud has increased significantly recently, according to law enforcement officials and consumer protection organizations such as the Public Interest Research Group and Privateness Rights Clearinghouse. More consumers own credit cards now than previously, and criminals are constantly looking for new methods to tap into accounts. All of this means cardholders have to protect their credit cards now as part of your before. Perhaps the most obvious form associated with credit card fraud takes place as theft. Even if you don't lose your card or contain it stolen, however, your credit card account could be in danger. It is not uncommon for crooks to steal your credit card identity - details like the number on the card and the actual expiration date. A stolen account number is the initial step in a series of credit greeting card fraud incidents. Unfortunately, cardholders may not be familiar with the theft until the unauthorized activity starts turning up on the bills. Id
entity TheftIdentity theft occurs whenever your personal information is gathered without your authorization and employed for criminal purposes. It occurs when someone steals information that identifies who you're, such as your name, address, day of birth, or social security quantity. Sometimes you need to submit these details when applying for credit, opening a brand new bank account or making a buy. When someone taps into these company accounts or transactions without authorized permission, your data could be in danger. According to some Federal Trade Commission survey issued within October 2007, an estimated 13. 5 % of U. S. adults (30. 2 million consumers) were victims of a number of identity fraud incidents in 2005. Credit card thieves may come in two forms. The first of those are complete strangers, and the other kind falls to the category of people you know. This second group range from anyone from friends and family people to neighbors, co-workers, or anyone you have
an established relationship with. More than 1 / 2 of the identity theft cases that occur are committed by criminals which have established relationships with their victims. This doesn't mean that you ought to be wary of all of your pals and in-laws. You should, however, be familiar with certain warning signs. Here are some of the common ways that identity theft occurs: - Someone may steal your pocket book or purse. When they get a your hands on it, they have instant access for your credit cards and bank information. - Your personal information can be studied from information you submit on the web. - Fraudsters may locate your thrown away receipts by looking through your garbage can. If your name or account number appears about the receipt, they can use it for their advantage. - A clerk at a store might create an extra copy of your charge card, or take the numbers from this. - Your utility bills, credit greeting card and bank statements, tax information, and new checks could
be stage-managed to land up at the incorrect place. - You may get a telephone call or email offering a free trip or perhaps a cheap travel package. To receive this, however, you have to submit your own account number. Once you do, the origin can start using your card number to create unauthorized purchases. After collecting your private information, fraudsters may get the mailing address in your credit card account changed by phoning your creditors and opening new credit lines. In some cases, they might do a lot more than just rack up purchases on your own card. They might open bank accounts inside your name, apply for loans in your own name, or set up new telephone accounts. The list of possibilities is almost endless. New Credit Card CrimesOne of the most recent methods that identity thieves are using is called skimming. In this technique, a small hand-held digital camera called a skimmer is used to collect the information embedded in the magnetic strip from the card. With
a simple swipe of the card in the hand-held skimmer, all of your personal identification information is collected in only a second. It is then used to produce a counterfeit card or make purchases on the internet. Crime perpetrators are continually trying out different technologies to handle identity theft. Fortunately, many organizations are fighting the battle against charge card crime by developing new encryption methods. Business are doing all they can to assist individual consumer keep their private info a closely guarded secret. Despite numerous improvements and efforts, almost anyone could be a victim of identity theft. And it may be nerve-wracking to find unauthorized charges on your personal credit card debt. Most credit card companies will cover the amounts charged for your card in fraudulent cases. Still, it's in your best interest to do whatever you can to protect your credit greeting card, as well as your personal id information. Prevention is always better comp
ared to cure!






Stephanie Andrews is a contributing editor from the website http: //www. CreditCardCity. com - credit cards directory where you can apply for any new credit card with secure on the internet applications. Visit now to compare all the best online credit card offers.

View this post on my blog: http://creditcard.valuegov.com/credit-card-fraud-is-on-the-rise/
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