Credit Card Fraud is on the Rise

Credit card fraud has increased significantly in recent years, according to law enforcement officials and consumer protection organizations like the Public Interest Research Group and Privacy Rights Clearinghouse. More consumers own credit cards now than in the past, and criminals are constantly looking for new ways to tap into accounts. All of this means cardholders need to protect their credit cards now more than ever before.Perhaps the most obvious form of credit card fraud takes place in the form of theft. Even if you don’t lose your card or have it stolen, however, your credit card account could still be in danger. It is not uncommon for criminals to steal your credit card identity - details such as the number on the card and the expiration date. A stolen account number is the first step in a series of credit card fraud incidents. Unfortunately, cardholders may not be aware of the theft until the unauthorized activity starts showing up on the bills.Identity TheftIdentity theft occurs when your personal information is gathered without your authorization and used for criminal purposes. It occurs when someone steals information that identifies who you are, such as your name, address, date of birth, or social […]

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