Keeping our identities secure becomes more and more difficult with each passing year, as technology makes it easier and easier for others to attempt to gain access to your credit card information. While some instances of identity theft and credit card fraud cannot be avoided (for example, when hackers break into a major financial institution's servers), for many, the risk of credit card fraud is augmented by certain behaviors and actions. You can minimize these instances where you could be...
Continue readingThe economy isn't doing too well these days. People are worried about credit, the slow economy and the high unemployment rate. These are not the only things that are threatening your financial stability too. There is also credit card fraud and identity theft.
Credit card fraud usually happens when a third party is able to gain access to your credit account by accessing your credit card details. Identity theft is a much more complicated scenario where the thief is able to get a hold of your...
Identity theft has long been one of the most dangerous and most personal forms of crime. Identity Theft Resource Center recently conducted a new study regarding identity theft. According to their figures, the most widespread use of identity theft nowadays is opening a new credit card line using a stolen identity. The study says that around two thirds of victims of identity theft are affected by credit card fraud.
This is a very disturbing trend, considering the state of the economy and how...
With the way the economy is going, you really don't want to get yourself into credit card debt. That's why, as much as possible, you should try to make smart choices whenever you use your credit card. If you are thinking that you are better off getting rid of your credit cards, don't. Your credit cards are the primary link to your credit score and, if you surrender your credit cards, you will most definitely lose out on your credit score.
One of the worst ways that you can get into credit...
Credit card fraud has long been one of the most controversial problems of the credit card industry. The nature of the crime is doubly troubling as credit card fraud, more often than not, involve the theft of information of a personal nature which can be hard to secure again once it has been compromised.
Some types of credit card fraud can also be difficult to detect and, since consumers only see the summary of their purchases when their bill comes, finding out that they've been a victim...
It used to be that identity theft meant an unauthorized purchase on a credit card. But criminals have advanced alongside technology and suddenly identity theft can involve a stolen Social Security number used for filing false medical claims or applying for mortgages. When you swipe your card at the ATM, gas pump, or in the RedBox for your next video rental, how do you know there isn't a fake front added to the swiper - capturing your credit card number and pin?
You'll know when you...