Credit card fraud

3.1 Introduction Fraud is one of the most crucial ethical concerns in the credit card industry (Delamaire, Abdon, & Pointon, 2009). Fraud can occur with any type of credit products, such as personal loans, home loans, and in retails. Delamaire, Abdon, & Pointon (2009) defines fraud as means of obtaining services, goods and/or money in a dishonorable manner, and is a growing problem globally. Fraud deals with issues concerning criminal cases that are difficult to classify (Delamaire, Abdon, & Pointon, 2009). According to Bertke (2013) fraudsters have long posed a threat to perform fraudulent activities in retail outlets and the rise of mobile devices and other technologies are now serving as a gateway for fraudsters looking to take advantage…

Credit cards are becoming truly popular in today 's society; therefore, the avenue for criminals to take advantage is great and more criminals are creating ingenious ways to take a part of this industry. Criminals are awaiting to find a small window to interact and send attacks to business organizations such as retail stores that store consumers ' data into a secure database. Attacks will continue to affect society and organizations are losing billions of dollars trough these types of attacks.…

many advantages credit cards have is protection, especially against fraud. Fraud happens when a person least expect it and catches them off guard. Credit card companies protect themselves by often asking cardholders to identify themselves. Arno A. Penzias states that Cardholders must verify purchases, and present some form of verification, therefore, the card knows that the correct cardholder has bought that item. This shows that there are security measures and steps the buyer goes through…

The nature of the inaccuracy is credit card fraud from multiple people. The person’s identity had been stolen, which caused this misuse of information. They became aware of the situation when the person received several phone calls from credit card companies threating her to pay her dues. She went to a lawyer to explain her situation and help her resolved her issue. An identity theft claim was established to correct the misinformation and to cancel any usage or approval of future credit cards.…

and new technology that will reduce fraud risk is on the horizon for consumer credit cards. Credit and debit cards have long been an easy target for those wishing to commit fraud, both online and in physical settings. These acts of fraud have caused large financial losses for banks and credit card companies; in fact, “credit card fraud costs banks millions of pounds each year,” (Wakefield, 2016). So, these institutions are always looking for ways to reduce risk with credit cards. A new…

noticed that I was late for work because I didn’t set my alarm. I went to the kitchen and made 2 eggs and 4 strips of bacon. I felt like I forgot something and I noticed that I didn’t take my credit card from my computer chip. “David why aren't you at work?” “Sorry Jane my alarm clock didn’t go off from my computer, because it was turned off. Alright I need to talk to you later bye. Love you!” I work with identity thieves, and today we are planning on busting into a dealership because that's…

fall” (Sweetlin Hemalatha, 2013). The compromise that family members have to deal with is the idea of their loved one constantly being monitored. Besides saving peoples’ lives, Data Mining can also save their money. Businesses are using loyalty cards to voluntarily collect information on customers. These data tend to range from family size, dietary choices, location, and other shopping habits. Businesses are using data mining techniques to help with inventory, distribution, and customer…

in America. Me bracelet says. The most common type of identity theft is shoulder surfing. “Oh gosh,” I thought. Just then I see a bunch of words, firewall, virus, Malicious code, spam, etc. etc. I turn my bracelet off and climb into bed. “Malicious code?” I think, excited but also scared for the next day. (At school) I jump out of Mom’s car, and go inside. It took forever, but finally I got through the end of the day. Luke and I met up by my locker, and once we saw that Mr. Herman was out of the…

Carjacking Facts Robbery Prevention Advice Carjacking is Robbery Carjacking is the violent form of motor vehicle theft. It is a serious threat to our personal safety because the thief uses force and fear to rob our car from us. Sometimes the car owner or other occupants are kidnapped during a carjacking, and if lucky will be dropped off nearby unharmed. The worst case scenario occurs when you are transported to a secondary crime scene, which is usually more dangerous than the original…

I think people who steal other people's identities online should go to jail. Most people today have some kind of info online. 70% of people today have their credit card info stolen and money is spent. That should be classified as theft and the people should be found and arrested. In the next two paragraphs, I argue that people should go to jail if they steal identities. People today are messed up! People that sit on a computer 24 hours a day just so they can try to find credit card ID…