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Actual for You - Credit Card Fraud - Part I
Perfection serves no one but itself. Or as Voltaire put it, "The best is the enemy of the good." Extremes rarely work to the health and benefit of those striving for it or the goals they strive for. This is one of the common blocks to success. If you can't move on to the next phase or stage in your project until the one you are working on now is perfect, you may never move o
In the next article in this series we'll go into credit card fraud into more
There are millions made daily online, through various programs, websites, and Internet businesses. Many people are taking their offline businesses online to tap into the online business world. Many shoppers these days are turning to online shopping for the ease and comfort of it, and this has created so many online business opportunities.From grandparents to house wives, doctors
For those who may not exactly know what credit card fraud is, a simple definition. Credit card fraud is the act of making a purchase using someone else's credit card information. Sounds like something that should be difficult to do. Unfortunately, it's not.
There are many types of credit card fraud, the most common we'll cover in this article.
First there is what is called "mail non-receipt fraud" which is when a new or replacement card is sent by the bank and never received by the person it was supposed to go to. This has been mostly combated by the banks sending out inactive credit cards where the person has to make a phone call in order to activate the card. Otherwise it can't be used. Unfortunately there are some banks that do not do this and still send out cards that are already activated.
Then there is what is called "chargeback fraud" where a legitimate cardholder uses the card to purchase goods or services. Then when the statement comes they call the credit card company and claim they never received the item or service or that they never authorized the transaction.
Another type of credit card fraud is called "skimming" where an employee or merchant makes a second copy of the person's credit card details before processing the payment. This copy is then sold on the black market to professionals who clone illegal copies of these cards. Fortunately, skimming has become less of a problem since the introduction of CVV and CVS codes. These are not encoded on the card strip but are physically written on the back of the card. This is a required three digit code to finalize all transactions. Without this code even a cloned credit card will not work.
Skimming at ATMs has also been a problem. What the illegally set up ATM machine does is place a skimmer device somewhere in the machine that reads the magnetic strip attached to the card. This is used together with various devices that monitor the keypad of the ATM by attaching a fake fascia over the original keypad. Fortunately, this is not as common today as it was years ago when ATM machines were relatively new.
Then of course there is "online credit card fraud" which is the most common type of credit card fraud today with all the transactions that people do each day. This type of fraud gets a little complicated but simply stated, when a person uses their credit card online, hackers monitor the person's entry into the merchant's system and essentially steal the credit card information without the person having any idea this is happening. Another way to get a person's credit card info online is to send an official looking email telling the person that they have to update their credit card info. They are sent a bogus link to go to where the info is collected and used for whatever purpose the scammer wants, whether to sell the info or use it to make purchases himself.
In the next article in this series we'll go into credit card fraud into more
Introduction of the Internet has revolutionized the gaming scenario worldwide. Their popularity has grown tremendously over the years. Unlike other normal games, strategy games require a lot of planning and thinking on behalf of the player. Online strategy games enable people across the world to interact and play each other. They help in enlarging the scope and dimension of the gaming c
Then there is what is called "chargeback fraud" where a legitimate cardholder uses the card to purchase goods or services. Then when the statement comes they call the credit card company and claim they never received the item or service or that they never authorized the transaction.
Another type of credit card fraud is called "skimming" where an employee or merchant makes a second copy of the person's credit card details before processing the payment. This copy is then sold on the black market to professionals who clone illegal copies of these cards. Fortunately, skimming has become less of a problem since the introduction of CVV and CVS codes. These are not encoded on the card strip but are physically written on the back of the card. This is a required three digit code to finalize all transactions. Without this code even a cloned credit card will not work.
Skimming at ATMs has also been a problem. What the illegally set up ATM machine does is place a skimmer device somewhere in the machine that reads the magnetic strip attached to the card. This is used together with various devices that monitor the keypad of the ATM by attaching a fake fascia over the original keypad. Fortunately, this is not as common today as it was years ago when ATM machines were relatively new.
Then of course there is "online credit card fraud" which is the most common type of credit card fraud today with all the transactions that people do each day. This type of fraud gets a little complicated but simply stated, when a person uses their credit card online, hackers monitor the person's entry into the merchant's system and essentially steal the credit card information without the person having any idea this is happening. Another way to get a person's credit card info online is to send an official looking email telling the person that they have to update their credit card info. They are sent a bogus link to go to where the info is collected and used for whatever purpose the scammer wants, whether to sell the info or use it to make purchases himself.
In the next article in this series we'll go into credit card fraud into more
Web development for the SEO (search engine optimization) expert includes using copywriters to generate SEO articles. Writers are tasked with generating copy based on lists of keywords. The challenge for the SEO expert is to find a writer that is capable of generating informative, interesting and at times entertaining copy that also meets the requirements of needed for SEO web developmen
Skimming at ATMs has also been a problem. What the illegally set up ATM machine does is place a skimmer device somewhere in the machine that reads the magnetic strip attached to the card. This is used together with various devices that monitor the keypad of the ATM by attaching a fake fascia over the original keypad. Fortunately, this is not as common today as it was years ago when ATM machines were relatively new.
Then of course there is "online credit card fraud" which is the most common type of credit card fraud today with all the transactions that people do each day. This type of fraud gets a little complicated but simply stated, when a person uses their credit card online, hackers monitor the person's entry into the merchant's system and essentially steal the credit card information without the person having any idea this is happening. Another way to get a person's credit card info online is to send an official looking email telling the person that they have to update their credit card info. They are sent a bogus link to go to where the info is collected and used for whatever purpose the scammer wants, whether to sell the info or use it to make purchases himself.
In the next article in this series we'll go into credit card fraud into more
A newbie needs a lot of support. It is the art to combine the professionalism and the simplicity to the guidance of how to start your home internet business.In this article I go through 3 easy tips, which will guide you, a newbie, from the start to the professionalism.1. A Newbie Needs A Taylor Made Online Training Course.When you want to find ways
Then of course there is "online credit card fraud" which is the most common type of credit card fraud today with all the transactions that people do each day. This type of fraud gets a little complicated but simply stated, when a person uses their credit card online, hackers monitor the person's entry into the merchant's system and essentially steal the credit card information without the person having any idea this is happening. Another way to get a person's credit card info online is to send an official looking email telling the person that they have to update their credit card info. They are sent a bogus link to go to where the info is collected and used for whatever purpose the scammer wants, whether to sell the info or use it to make purchases himself.
In the next article in this series we'll go into credit card fraud into more
Are you convinced that marketing is a waste of your time and money? Perhaps you’re satisfied with the amount of business you currently have, and you’ve decided to skip the marketing and instead focus your attention on other areas of your business.Well, I always say that marketing your business is not an option; it’s a necessity. And marketing is much like obtaining a business loa
In the next article in this series we'll go into credit card fraud into more depth.
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