5 responses

  1. settlement cash structured for flow
    February 7, 2012

    Credit card fraud is a wide-ranging term for theft and fraud committed using a … A simple example is that of a store clerk copying sales receipts for later use.

  2. AverageJoe
    February 7, 2012

    Those are some pretty scary hacking instances. Sadly, I’d heard of three of them…goes to show you can’t be too safe.

  3. Eric
    February 7, 2012

    I have been lucky to never have had any money lost from fraud, but my number has been stolen before. I once got a call from Chase that my card was used at Walmart in Puerto Rico. As much as I would have wanted to be in San Juan, I was at home in Denver.

  4. Sherrian@KNSFinancial
    February 7, 2012

    I’ve been a victim of fraud where someone spent a nice $1000 almost 1/2 way across the country in KY at a Walmart. Unfortunately, it was my debit card, so it was a bit taxing to get the issue resolved. That situation, and stories like these, makes me so leery about being dependent on plastic for everything.

  5. Credit Card Lawyer
    February 10, 2012

    Nice examples. As your examples illustrate, mass data breaches occur more frequently and effect an increasing number of consumers. Another scary development is the widespread availability of credit card readers that allow identity theifs to bump into someone (or come in very close proximity) and scan someone’s wallets to “read” the numbers. As legitimate businesses become increasingly dependent upon the availability of inexpensive technologies, the scammers are not far behind.

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