| Identity theft is a growing concern for most Americans. | | | | fraud, but also other types of id theft like criminal |
| To date, its victims average to 10 million a year with | | | | identity theft and medical identity theft. Others use the |
| the federal and state governments intervening by | | | | personal information of another individual to avoid the |
| passing laws to protect individual consumers. While a | | | | law while living openly using the identity of another |
| lot of people have recognized the threats that are | | | | individual. Some use stolen social security numbers to |
| being posed by identity theft, there are still very few | | | | apply for legitimate jobs when they can't find one |
| people who take the necessary steps to arm | | | | especially illegal immigrants. |
| themselves against this particular crime. | | | | Who commits identity theft and credit card frauds? |
| On the other hand, credit fraud is also another growing | | | | One of the many people who commit id theft and |
| crime in the United States today. The amount of | | | | card frauds are cashiers and clerks from department |
| losses incurred by credit card frauds amount to more | | | | stores and other establishments. For instance, when |
| than 10 million dollars, and that figure is only from | | | | you pay for a purchase, you give your card to the |
| individual consumer victims. | | | | cashier who then "skims" over your card to obtain |
| But what is the basic difference between a credit card | | | | credit card information that they can use against you. |
| fraud and identity theft? This basic difference has | | | | Computer hackers are also famous for their id theft |
| something to do with scope. Credit report or card | | | | and credit card fraud activities. They often hack into |
| fraud refers to crimes done by a criminal or thief who | | | | online databases of establishments and use these for |
| uses another person's credit card information to make | | | | their own financial gain. They usually pass through the |
| unauthorized purchases. On the other hand, identity | | | | backdoor of any website or personal computer to gain |
| theft covers a whole wide range of methods that | | | | access to sensitive information that may otherwise be |
| identity thieves use to steal another individual's | | | | unprotected by people who are a bit ignorant when it |
| information and commit fraud and other crimes. Simply | | | | comes to computer security. |
| put, credit card fraud is just a type of identity fraud. | | | | Phish-ermans |
| Credit Card Fraud Defined | | | | These are criminals who trick internet users to divulge |
| One of the biggest credit companies defined credit | | | | their personal information through bogus websites and |
| card theft simply with these statements: When one | | | | fake logins. They send email to various individuals |
| individual steal's another person's CC information and | | | | posing as legitimate representatives of certain banking |
| makes fraudulent purchases and charges. | | | | institutions. They will ask you for your personal |
| Identity Theft Defined | | | | information and when you reply to their email with the |
| On the contrary, identity theft has a larger scope and | | | | information, they will then use these for their fraudulent |
| uses more than just your credit card information, and | | | | activities. |
| they focus their energy on not just committing credit | | | | |