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Credit Card Fraud
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Jane Anderson says retailers ... have a key role in ensuring their staff are well informed on how to detect and prevent credit card fraud. "Reduction of the risk at the point of sale will significantly reduce the occurrence of fraud for everyone."
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Forbes - Acacia Research Corporation (Nasdaq:ACTG) announced today that its subsidiary Financial Systems Innovation LLC has entered into a settlement agreement covering a patent that applies to credit card fraud protection technology with Z Gallerie. This
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If you receive an offer for a new credit card in the mail and don’t intend to use it, cut up the application form into several pieces. Some crooks go through trash looking for discarded but still usable applications in your name. Also,
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In the situation the SANS discussed, they concluded that a hotel key written by the hotel does not contain your credit card info. However, that doesn't mean someone can't take the card, erase the existing data, and rewrite any new data they want (but they have to supply the new data which would be different than what is already on the card). Presumably, as in the story above, this would pass as a stolen hotel key to the casual observer, not a stolen credit card.
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The Florida police department is making arrests that have been linked to the recent TJ Maxx compromise of credit card data. The current estimate of the amount involved in the fraud - for this particular operation alone - is $8M. Articles such as this one from Infoworld (which has been widely used in other reports) implies that the compromised credit cards have been used in other places all over the world, so this may be just the tip of the iceberg.
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To be removed from credit card mailing lists and stop receiving offers in the mail call 1-888-5 OPTOUT or send your request by mail. You don't need offers in your mailbox. You can safely apply for a credit card online.
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Credit Card Fraud