What Is Credit Card Fraud? Essay -- Crime

assign visiting shake fraud is highly publicized in this era and you should know what it looks like. This is the most putting green and simplest form of identity theft. All it would take is having someone elses name, address, date of birth, and social security number. With all the pertinent study on a soul one tin thunder mug get loans, and open new bank accounts. Also, someone could use the somebodys existing bank account. Just about anything can be accomplished with someone elses information. Simple and thought to be unimportant information could turn out to be very valuable information to a person doing credit card fraud or identity theft.A simple definition of credit card fraud is illegally obtaining goods, funds, or services deceptively. The measurement of time for this type of fraud to be discovered can vary. Credit card fraud, better known to others as identity theft, can cause great turmoil in a person or familys life by taking away their sense of security. Credit ca rd fraud does not mean, necessarily, that a person has to have the card the only thing a person really has to have is the card number, expiration date, and the three-digit card verification number on the back with the card holders name. In most cases of credit card fraud the person committing the fraud very knows the person quite well and the address to where the bill is sent. With all of this being said, when it comes to you or your familys finances be careful. Someone you think you know and confidence can very easily steal your credit card information, or even personal information to use for his or her own personal gain. Credit card fraud is just as simple as ordering things over the Internet or the phone. A person can make a copy of your card and use it with few, or no, ... ...redit card fraud the amount of time it takes for the crime to be discovered can vary. When the card itself is stolen, the theft may be determined quickly, but in cases where a persons personal inform ation has been stolen, it can take far longer. If only a persons credit card information is appropriated, then the consumer is likely to notice the illegal charges on their next billing statement, but if the theft extends to an individuals identity, then a culprit who uses a separate address may be able to fully prevent discovery of the crime for an indeterminate amount of time. (1995-2012 HG.org- HGExperts.com) Works Citedhttp//theworldeconomy.info/article/avoid-credit-card-fraud/http//www.combat-identity-theft.com/what-is-credit-card-fraud.htmlhttp//people.exeter.ac.uk/whatupman/undergrad/owsylves/page3.htmlhttp//www.hg.org/credit-card-fraud.html