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Credit Card Applications » News » Legal » Gears Up for 14th Annual National Consumer Protection Week Gears Up for 14th Annual National Consumer Protection Week

Add to Favorites: is joining with federal, state, and local government agencies and national organizations to celebrate the 14th annual National Consumer Protection Week (NCPW), sponsored by the Federal Trade Commission ( and happening this week, March 4-10, 2012. During NCPW, groups nationwide share tips and information that help consumers protect their privacy, manage money and debt, avoid identity theft, and avoid frauds and scams, which affected about 15 million Americans last year.

This year during NCPW, will focus on credit card security and protection by highlighting their many articles which educate consumers and make them aware of all the things they can do to protect themselves from identity theft and credit card fraud. Michael Germanovsky, Editor-in-Chief of, says that increased security and protection on credit cards provided by banks may cause people to be more careless with their personal information. “Consumers should be aware of thieves tactics, like stealing gift card numbers off store racks, skimming card information at swipe machines, or simply stealing their mail. People need to know their surroundings and always remember to keep their personal information secure.”

Every year in this country, close to $50 billion dollars is lost because of identity theft. The number of Americans who fall victim to fraud and identity theft scams was estimated at 15 million last year, with average losses of $3,500 per victim. Not only money is lost but time, as the average victim of identity theft spends twenty-five hours recovering from the crime.

Consumers should go to to read, view, and study their educational materials and FAQs regarding credit card fraud and identity theft, as well as to find a credit card that suits their needs and can help provide them with peace of mind by using cutting-edge security technology, such as EMV chips, to protect them from becoming a victim of credit card fraud. Nevertheless, as Mr. Germanovsky advises, “the burden is on the consumer to prevent this crime. People should not rely solely on credit card security technology to protect them from credit card fraud.”

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