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Are Thieves Skimming Your Credit Card Data?

/ BY / Identity Theft

When was the last time you took a really good look at the ATM or the payment terminal attached to a gasoline pump? If you're like most people, you use this equipment without a second thought. With credit card skimming on the rise, however, you need to be more wary and give all payment terminals a closer look. Card skimming is a type of fraud in which thieves use specialized equipment to steal your credit card numbers as you make a normal transaction. You could withdraw money from an ATM, pay for gas at the pump or even make a quick purchase at a local convenience store and find a few days later that someone has used your card information to clean out your bank account or run up hundreds of...

Credit Card Fraud: How it Occurs and How to Prevent It

/ BY / Identity Theft

Approximately 10 million people in the US each year become unsuspecting victims of credit card fraud. Thieves don't just steal cards, either-they can open up entire lines of credit without your knowledge, leaving you to clean up the mess. Sometimes, victims don't even find out about credit card theft until the damage is done. Types of credit card fraud There are different ways thieves go about getting your credit card information or opening it from your account: Theft. This type of fraud involves actually stealing your credit card and then using it before the theft is discovered or reported. Usually, this happens when a purse or wallet is stolen. This can be especially harmful...

Protect Yourself Against Identity Fraud

/ BY / Identity Theft

If you've never been a victim of identity fraud be thankful -- it can be an expensive and time -- consuming process to straighten out the mess left behind when thieves use your credit card information and/or other personal data to steal goods or services. Identity fraud increased by 13 percent in 2011, with more than 11.6 million adults in the U.S. becoming its victims, according to the latest figures from Javelin Strategy and Research, which conducts an annual survey about the problem. Their report lists certain behaviors and situations that could put you at higher risk for problems. Many people aren't doing enough to protect their identity when using social media sites like Facebook...

Credit Card Phishing -- What It Means and How to Prevent It

/ BY / Identity Theft

If you're like most people, the word "phishing", probably conjures up images of a boat, a hook, and a worm. However, "phishing" as it relates to credit cards is something entirely different and can wreak havoc on your finances.What is phishing? Phishing is a form of fraud in which a credit card holder receives an email from a legitimate business, such as a credit union or bank you belong to, PayPal, or another business that may have your credit card on file. The financial losses from phishing are devastating. One report from the Gartner Group estimated the total cost of phishing attacks in 2007 was 3.2 billion in the US, with an estimated 3.6 million adults falling victim to phishing...

Tax Time is Prime Time for Mail Thefts

/ BY / Identity Theft

Although most people are aware of the dangers of email and identity theft, many overlook a more low-tech way in which they can lose important personal information -- through their mailboxes. Identity thieves can simply stroll up to an unlocked mailbox in a quiet neighborhood after a mail carrier has been through and help themselves to credit card bills, bank statements and similar documents. The risk is especially great during tax season, when so much important information can land in your mailbox. The W-2 forms that you receive from your employer, for example, contain all the information that someone needs to open a credit card account in your name, including your social security...

 

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