Credit Card Fraud Some facts about credit card fraud: Credit cards. They are everywhere. They are so easy to use and they are accepted almost anywhere in the world. These are just some of the reasons why there is a big problem in the world today. This problem is known as credit card fraud.
Credit card fraud is one of the most common types of fraud that there is. If a dishonest person gets a hold of any type of private information about someone, such as a social security number, date of birth, address, mother?s maiden name, etc., then that person could apply for and receive a credit card that is not rightfully theirs. This is called identity theft and goes hand in hand with credit card fraud. This is a common practice and unfortunately for thousands of people a year, their identity along with their credit card information is stolen.
Approximately 1,000 people per day are affected by or are victims of credit card fraud. And unfortunately, the problem is getting worse. With the Internet becoming a major source of shopping and convenience, more and more people are becoming victims of credit card fraud. Nearly 1 in 10 Americans has been a victim and half of Americans fear that they will become victims at some time in their lives. This is a problem all people should worry about. Credit card fraud can happen to anyone, from college students to the elderly.
Common Types of Credit Card Fraud: In this day and age there are numerous ways for a person to commit an act of credit card fraud. Crooks are coming up with new scams every day. The Internet is the number one source of credit card fraud today. One of the main reasons that it is so easy...