What exactly is credit card identity theft, how is it used and how can you prevent it? In this article we will look at ten facts you need to know about credit card identity theft in order to better protect yourself and prevent the loss of substantial amounts of money.
The first fact that we want to look at is that for credit card identity theft to occur someone does not necessarily need to steal your credit card. Credit card identity theft occurs in one of three ways – they can steal your card, copy the details off your credit card or steal your PIN. In the last two cases you may not even realize that something is wrong until it is too late, you still have your credit card and so don’t realize that important information has actually already been extracted. The thief may have copied down your credit card information while you weren’t looking, or they may have just noticed you entering your PIN when you drew money from an ATM and made a note of it without you realizing it.
Secondly, credit card identity theft can occur through someone signing up for a credit card in your name. They will have obtained your details obviously through some method...
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