Credit Card Fraud

 



Why Identity Theft Protection is Important

Identity theft protection is very important especially for those that use credit cards on a regular basis. If someone steals your identity and has your personal information it is possible for them to rack up thousands in credit debt in a short amount of time, which can effect you for years.

If you are affected by identity theft there are no quick and easy ways out of the situation. Often it takes years to recover from identity theft especially if you have not taken any preventive measures to keep yourself protected. Having protection in place to help combat identity theft can save you from years of frustration and trouble.

Often it can be hard for those who have suffered from identity theft to actually prove that it was not them who accumulated all the credit card debt. If they have used your information you will have to go through a lot of paperwork with your lenders.

Your lenders may have a variety of files against you that you may not have had anything to do with and it is important that you discuss this with them. Sometimes it will even require an attorney to help you get through all the logistics of the tragedy. You can save yourself so much trouble just by taking the time to protect yourself from identity theft.

If someone gets your credit card in their hands, whether they stole it, or you lost it and they took it, they can rack up thousands of dollars to your card in a very short amount of time at a variety of places. They will be able to walk away with all the merchandise they purchased and will leave you with the bill.

This can all happen before you even have time to realize that you have lost your credit card. Usually credit card companies do have identity theft protection plans that will kick in on your account. Many times credit companies will freeze your account until they can contact you if there are many large purchases made on your account.

Even if everything is cleared up quickly this will not be the end of your problems resulting form identity theft. Problems from identity theft can last for many years and affect your life. Sometimes you can get transaction limits on your credit cards to keep identity theft from occurring again. This results in limits for you even though you were not responsible. If you take the time to effectively protect yourself from identity theft you will find that it can keep you from ever having to deal with these types of issues in your credit history.


Credit Card Fraud News and Information


 

Credit Card Fraud News

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CBC.ca

Credit-card fraud investigation targets Pearson's self-service kiosks
Globe and Mail, Canada - 15 hours ago
An investigation of suspected credit-card fraud at Toronto's Pearson airport is now concentrating on the security of its 150 self-service check-in kiosks. ...
Fraud fears lead WestJet to suspend credit-card check-ins at kiosks The Canadian Press
WestJet shutters credit card kiosks Canada.com
Credit Card Fraud Uncovered At Pearson's Airport In Toronto AHN
C-FAX 1070 - Reuters
all 75 news articles


SLED Investigating Allegations Of Credit Card Fraud
News Channel 7, SC - 2 hours ago
By Sandra Renrick Agents with the State Law Enforcement Division are investigating allegations of credit card fraud involving an inmate and a Lake City man. ...


OPP bust fradulent credit card skimming operation
Canada.com, Canada - 1 hour ago
OPP investigators believe they've broken up a fraud operation that involved the use of "skimming" devices to collect the credit card and debit card ...


How to keep safe from money sharks
NEWS.com.au, Australia - Jul 22, 2008
"Everybody knows someone who has been a victim to credit card fraud.'' The ACCC's Little Black Book of Scams is available to download free from ...


Card crime exposed: The true identity of card fraud in the UK
SourceWire (press release), UK - 9 hours ago
The most comprehensive picture of card fraud in Britain is revealed today as experts in the fight against credit card crime reveal the true extent and ...


Fresh online fraud: Bank officer loses Rs 53000
Expressindia.com, India - 2 hours ago
... be taken from the Central Bureau of Investigation (CBI) for nabbing the Nigerian fraudsters involved in the credit card fraud at Le-Meredien hotel. ...


Card fraudsters live in poverty
Inquirer, UK - 7 hours ago
Andrew Goodwill, fraud expert at 3rd Man Group, said the answer to the problem was catching and prosecuting more credit card fraudsters. ...
London is still top card fraud hotspot CRN - UK
all 2 news articles


Two Lankans held for credit card fraud
Times of India, India - Jul 20, 2008
Preliminary inquiries revealed that the Navaneethan got the credit card details from another friend, who is now in London. Using the details, the duo ...


Lawrence woman admits to credit card scheme, ID theft
Lawrence Journal World, KS - 3 hours ago
Stacy Lyn Barnes-Catlett, 42, pleaded guilty to one count of wire fraud and one count of aggravated identity theft, according to a news release. ...


Miri Systems Aims To Reduce Online Fraud
WebProNews, KY - 7 hours ago
According to the company, in 2007, there was a total of $3.2 billion in total credit card fraud in the US, with $1.9 billion taking place online. ...

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