5 Ways to Prevent Credit Card Fraud

American Alarm - 5 Ways to Prevent Credit Card FraudIn an alarming statistic reported by Forbes, 42% of people in the United States have experienced some type of credit card fraud occurring to their account. After the card information has been stolen, an average amount of $5,000 in fraudulent activity occurs before the problem is fixed. Although credit card companies and banks are doing more to prevent this issue, it is, unfortunately, still up to the card holders to do as much as they can to prevent credit fraud.

We recently put together an infographic outlining the strange life of a stolen credit card — today we’d like to discuss our top 5 ways to prevent credit card fraud.

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[Infographic] The Strange Life of a Stolen Credit Card

Credit card fraud is a frightening hazard of commerce in the modern age, spurred on by our increasing reliance on Internet shopping along with increasingly brazen in-person high-tech cloning operations. How do credit card numbers get stolen? What happens to those numbers once they are in the hands of thieves?

We’ve put together this infographic to help explain not just the mechanics of how your credit card number could end up being sold to the highest bidder, but also who is out there purchasing this illicitly-gained data and what they are willing to pay for it. Keep reading – the answers to these questions, and more, might surprise you.

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