John Smith shopped from the internet and he bought his favorite car and dream come true. He used his master card and he was very happy because he thought he made good profit up until he used same master card at the local mall. He found out that enormous amount of money has vanished from the account.

Mr. Richardson had dinner on of his favorite restaurant with wife, celebrating his promotion on job. He also paid the bill with VISA card. Next time he used his VISA card, he was also amazed like John Smith. Like Mr. Smith, large number of money just disappears from his account.

These two stories are common where the money is missing from lot of peoples account around the world now a day. Such crime is known as Credit Card Fraud. Credit Card fraud crime is on the rise today. Dramatically the internet is now the blessing haven for the thief and fraud of the credit card criminals. These crimes can also be committed by the lost credit card, unprotected card number and so on.

Two types of identify thief and fraud category are known, application fraud and account takeover. Application fraud is when the criminal uses a lost or stolen credit card. Or the criminal also crates a false empty account using someone else’s name and address. The account takeover is like when a criminal gathers victim’s personal information and then slowly takes over there personal account, then they contacts the bank and proof that they are the original card holder. Convincing that he is the owner of the card then the criminal report to the bank about his new adders and he has lost his card. Sometimes it is also seen that the fraud duplicated the credit card.

If I continue to write about credit card fraud it will not be a journal, it will turn out to be novel. So let’s cut to the chess and be alert that how can we can be safe from these crimes.
1.    Do not carry too many credit cards at once. One or at least two credit card can be carried but also be very cautious about the number of credit card that you are carrying.
2.    Be very cautious about your PIN or Personal Identification Number. Do not write down your PIN here and there.
3.    Please report immediately when your valuable credit card is lost or stolen. This will prevent the thief to use your credit card and the bank can close your account number as soon as you report to them.

The credit card fraud crimes are increasing day by day. Almost billion of dollars of losses are reached annually. So, be very careful with your credit card because the very next victim can be you.