Avoid credit crad fraud


Credit card hijacking

Credit Card Hijacking is the term used when atraditional subscription based system such as
person’s credit card information ispaper magazines where the subscriber has to
used for undesired charges for goods orperiodically proactively reauthorize the
services where the credit card owner hassubscription, hence the default is to not
trouble reaserting control. This can occur inrenew.) The most common subscription exit
two  major  forms.barrier is to not provide any online
subscription cancellation mechanism at all,
Credit  Card  Hijacking  by  Identity  Theftbut to instead require the user to cancel by
telephone or by "on-line chats". Such
The first form of credit card hijacking isorganizations often add the additional
basically identity theft, which is thebarrier of making any subscription
deliberate assumption of another person'scancellation information difficult for the
identity. Identity theft is usually theuser to even find, thus creating an
result of serious breaches of privacy andadditional delay in the subscription
often involves the thief compromising a greatcancellation. This is very common amongst
deal of financial and personal informationISP’s, who know the psychological
allowing the thief to open up new credit cardbarrier to making the call, which the
accounts  in  the  name  of  the  victim.subscriber anticipates will be unpleasant, is
very high. It also allows the marketing
Credit Card Hijacking by Cancellation Barrierorganization to talk the subscriber into
changing their minds and not cancelling the
The second form of credit card hijacking,subscription. Another common subscription
which most people have fallen victim to, iscancellation barrier is to have a relatively
the continued charging of a person’slong subscription period, a no refund policy,
credit card for a subscription to goods orand to require the user upon cancellation to
services no longer desired by the credit cardforfeit all money covering the present
owner. This type of credit card hijacking wassubscription period. This is very common
pioneered by major ISPs, credit monitoringamongst  online  dating  services.
services and online dating services, is
perfectly legal, and is still common today inThis second form of credit card hijacking was
a wide range of subscription based goods andcreated by marketers who recognized that
services. Credit card hijacking of this typesubscription based services generally have
came about as online subscription basedrelatively low periodic billings which will
marketers realized that traditionalgenerally go unnoticed on any given credit
subscription systems, such as the annualcard statement. So what happens is that long
subscriptions that paper magazines use, wereafter the user loses interest in the
an impediment to enrolling customers. Asubscription, they forget to cancel the
typical dial-up ISP, at US$24.95 per month,subscription and because the periodic billing
is US$299.40 annually. By breaking theis so low, they don’t tend to notice
subscription period into small units likeit  on  their  credit  card  statement.
months or quarters, and allowing direct
monthly charging of the subscriber’sCredit Card Hijacking by Negative Option
credit card, the psychological and economicBilling
barriers potential subscribers see are
greatly  reduced.Negative option billing is the practice of
sending goods automatically and billing the
The issue which makes one subscription systemrecipient unless the recipient is proactive
a hijacking of the credit card is not thein declining the goods before they are sent.
mode of entry into the subscription nor theNegative option billing reverses the usual
billing interval, but the marketingdirecion of sales transactions. It assumes
organization creating barriers for the userthat unless you say 'no', you've agreed to
to easily cancel the subscription.have bought the goods. This is the common
Organizations which use credit card hijackingpractice used in book clubs, record clubs,
as part of their marketing strategy makeand magazine subscriptions with automatic
online registration for the subscriptionrenewal. Some practitioners of negative
easy, enforce default automatic renewaloption billing prefer to call it "advance
policies, and create barriers to halting theconsent marketing."
subscription. (This is in contrast to



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