What Is Credit Card Fraud? Essay

1170 Words 5 Pages
Credit card fraud is highly publicized in this era and you should know what it looks like. This is the most common and simplest form of identity theft. All it would take is having someone else’s name, address, date of birth, and social security number. With all the pertinent information on a person one can get loans, and open new bank accounts. Also, someone could use the person’s existing bank account. Just about anything can be accomplished with someone else’s 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 amount of …show more content…
I guess that is why credit card fraud is still considered a white-collar crime and an increasing way of theft. Convenience is why most people are defrauded. The reason I make this statement is because most would choose to pay a bill or buy something over the Internet verses actually going to the store to make a purchase. The Internet is not the safest source to make a purchase or to pay bill, because of people using fake websites to gain personal information to access your credit card information. Credit card fraud and identity theft go hand in hand; but to commit credit card fraud you would need to know a few personal information, and having someone else’s information constitutes as identity theft. However, when a person is arrested for credit card fraud they are not charged with identity theft, but in my opinion the person should have been charged for both. Some things a person should never do is leave important documents lying around, or throwing away bills that may have personal information on them without shredding them, or allowing someone to use your card for any reason. People that tend to ignore these facts are often the victim of credit card fraud or identity theft. Credit card fraud can also be a deceptive way to obtain things at someone else’s expense. It has become a large threat with the Internet, and also with modern technology. Never give out your card number over the phone or on a non-secure website. Purchasing a prepaid credit

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