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Credit Card Fraud: Purchases
built 647 days ago
Credit card fraud is widespread and can affect you at any time. If your card is lost or stolen you're particularly at risk. If you haven't done everything you can to protect your card, you might have to pay for purchases that are made on your card illegally. So to help keep your credit card safe, here are six easy rules you should follow:
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Most credit card criminals know this and keep purchases from any one business below $150,000. With credit card crime occurring across state lines, criminals often are never prosecuted because the dollar amounts are too low for local law enforcement to pay for extradition.
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"By the time the bottom feeders get the cards, the data on them has already been shared with the organized criminals, who will bang on a credit card though mail-order and Internet purchases," Berghel said. At that point the cards are "throwaways that can only be used a couple of times before they're canceled."
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