Knowing More about Credit Card Fraud

In this section, following the information provided to answer all of the following questions to further your understanding about credit card fraud.  Pay close attention to the information provided and answer your questions thoroughly. Your knowledge will be assessed in the later section.

1. What is credit card fraud

The definition of credit card fraud is defined in the introduction tab.

2. What are the types of credit card fraud

Are you aware of different types of credit card fraud that are there?  By following below links, you will be able to find out the types of credit card fraud
http://people.exeter.ac.uk/watupman/undergrad/owsylves/page3.html

Click the next link to find out more about types of credit card fraud, such as common types of credit card fraud that many people are susceptible to via restaurant receipts
http://money.howstuffworks.com/identity-theft1.htm

3. What are the liabilities for credit card victim

Did you know you could be responsible for unauthorized payment in your name? Go to the link below, and you will find out how much your maximum liability is under federal law per card
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre07.shtm

4. What  to do when you become a victim of credit card fraud

If you are unfortunate enough to become a victim of credit card fraud, what should you do? Click on the link below
http://www.spamlaws.com/reporting-credit-fraud.html

5. How to prevent and detect credit card fraud

Now, you have seen that you could be responsible for unauthorized payments in your name. The best defense is to prevent and detect early enough to avoid or minimize the negative impacts. Below are three websites that are reliable resources to provide tips on preventing and detecting credit card fraud

1) http://www.fbi.gov/majcases/fraud/internetschemes.htm

2) http://www.scambusters.org/CreditCardFraud.html

3) http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre07.shtm

What to do next?

Go to Quiz tab to obtain instructions in summarizing you knowledge on credit card fraud.