August 21, 2011
We currently rely on easily counterfeited identification, and we transmit credit card applications using the phone, fax, Internet, or snail mail, all of which are relatively anonymous methods. Fraudulent credit card applications are the most lucrative form of credit card fraud. Identity thieves love credit cards because they are the easiest accounts to open, and [...]
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August 21, 2011
When people ask me, “How do I protect myself from credit card fraud?” I tell them, “Cancel the card, or never use it.” Because that’s the only way. Otherwise, all you can do is hope the merchant has a sophisticated system in place to mitigate the fraud. The FBI’s Internet Crime Complaint Center’s Annual Report determined that [...]
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