Credit Card News
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Legal » Fraud: Keeping it in the Family and Phoning it In

Fraud: Keeping it in the Family and Phoning it In

By
Add to Favorites:

An Ohio woman filed a criminal complaint against her own father last month.William H. Olson, 70, was charged with three counts of identity theft and three counts of fraud after racking up $38,000 of debt in his daughter`s name. He now faces up to $90,000 in fines and 44 years in prison, pending conviction, says the Caledonia Patch.

According to the Patriot-Ledger, investigators found 11 driver`s licenses, two resident-alien cards, and six U.S. passports in the home of 62-year-old Massachusetts landlord Wanpen Florentine. She is now up against six felonies related to fraud and forgery and is being heldon $125,000 bail.

Yes, fraud and identity theft are alive and well and more prevalent than ever, in part because of smart phones and social media. A report by Javelin Strategy & Research says that almost 12 million Americans had their identities stolen in 2011, which represents a 13 percent increase over 2010 statistics.

Although credit card companies have tightened security and added technologies to keep cardholders safe, such as the EMV chip, people are more lax than ever about sharing their personal information via Twitter and Facebook, which they access through their smart phones. If they leave their phones unlocked, they are vulnerable to theft and fraud.

Michael Germanovsky, editor-in-chief of Credit-Land.com, says “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.They need to know their surroundings and always remember to keep their personal information secure.”

National Consumer Protection Week (NCPW), sponsored by the Federal Trade Commission (ftc.gov) wrapped up this weekend, but consumers need to be aware of fraud year-round. During NCPW, groups nationwide shared tips and information that help consumers protect their privacy, manage money and debt, avoid identity theft, and avoid frauds and scams, and the information shared will remain widely available.

Whether it`s a late-night call at a hotel, an email purporting to be from your bank, a phony job lead, or a contractor offering to do work on your home – after you pay an initial deposit for materials, of course – fraud scams have one thing in common. They seek to take advantage of people`s vulnerabilities and catch them off guard, pretending to offer help. People can avoid being scammed by being wary of offers that sound too good to be true and being careful not to give their sensitive personal information out over the phone, or to someone they don`t know.

All schemes and scams have one goal in common – accessing your information. Whether it`s your credit card number, your social security number, your bank account information, or your age, height, and weight, refrain from giving personal information out unless you know exactly who you are giving it to, and why. Never give out information over the phone, never click on links embedded in emails that ask for information, and trust your instincts. If something doesn`t feel right, hang up the phone, walk away, or close your browser.

Consumers can go to Credit-Land.com`s credit card security and protection section to read 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 technologyto protect them from becoming a victim of credit card fraud.

Add to Favorites:

Related News:

MasterCard Steps Up Fraud and ID Theft Prevention

By Elizabeth Nelson, Posted: June 17, 2014

In the face of several recent major data breaches and increasing consumer concern about payment security, MasterCard is putting in place new measures to protect cardholders. Continue reading
8 in 10 People Took No Action After Target Breach

By Elizabeth Nelson, Posted: June 09, 2014

Following a major leak of consumer payment information that compromised 40 million credit and debit cards across the country, most people did nothing to protect themselves against credit card fraud. Continue reading
More Than Half of Consumers Fear Credit Card Data Theft

By Elizabeth Nelson, Posted: November 10, 2014

A recent survey reveals that many people are going into the holiday season worrying about more than just what to get their mother-in-law for Christmas. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
1% cash back on select purchases, terms apply
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit