Credit Card Fraud Really Isn’t Identity Theft

With the holiday shopping season and after holiday season sales over, its time to review our credit card statements and make sure that everything that is on there was something you purchased. With most of us using our card a lot more during this time, there’s more chance of fraud or identity theft.

When most of us think of identity theft and being a victim of identity theft, we are really referring to credit card fraud. This form of credit card fraud is called account takeover and it occurs when a thief gains access to your credit or debit card number through criminal hacking, dumpster diving, ATM skimming, or perhaps you simply hand it over when paying at a store or restaurant.

Another form of credit card fraud is called new account fraud. This occurs when someone gains access to your name, address and, in the US, your Social Security number.…

Read the full article at mcafee.com



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