Personal identity theft is a huge runaway business made even easier with advances in computer technology. So far as credit cards are concerned, personal identity theft is now costing card issuer billions of dollars a year. To try and recoup some of these losses, card providers and now telling their customers that if they were in any way at fault in the theft of their identity, they could be comparable and liable for at least part of these losses. So, what exactly is credit card identity theft and how can you minimize it happening to you?
Credit card identity theft
In short, credit card identity theft is when someone else manages to get access to your account. This can be done in one of three ways:
* firstly, and most obviously, they steal your actual card and use this card before you have had a chance to inform the provider.
* second, the copy the details from your card and use the details to either make a new card to purchase items in shops or purchase items on the Internet. As you dont believe that the card has been stolen, you are not aware that the card is being used illegally and it may not be till your card is denied that you notice...
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