Monday, 10 August 2009

Understanding Credit Card Identity Theft

Identity theft is becoming an increasingly common malicious practice. The current economic crisis may have lead more people to take up identity theft in order to make some money. Identity theft is what the name suggests, i.e. using the identity of a person such as his or her name, social security number, contact details and bank account number in such way that harms the person’s social or financial condition. The credit card identity theft is one of the most common forms of identity theft in which a person steals the credit card details of another to do such malicious acts such as illegal replication of credit cards, usage of credit card to pay phone bill or electricity bill.

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