Last week, the Federal Trade Commission announced it had settled a lawsuit with several debt collectors after it learned they were fraudulently conducting business. As a result, the companies were forced to pay out nearly $800,000 to consumers after deceptively charging a fee for payments authorized by telephone.
We've heard that identity theft is on the rise and after hearing it's getting more intense and more sophisticated, we thought we'd look into it and see just what these latest efforts are those unscrupulous people willing to go to these lengths to steal another's identity.
Following a recent security breach at the worldwide payment processor Global Payment Inc., credit card numbers for up to 1.5 million Visa and MasterCard account holders are believed to have been compromised.
When I open my e-mail inbox, it reminds me of taking a stroll through a market in an eastern country, through the throngs of pickpockets.
A sticker was recently spotted in the window of a taxi cab in Dallas, Texas, stating that a person's identity may be stolen if they use their credit card to pay for their ride.
New information from Wall Street analysts suggests that the most affluent consumers are the most attractive targets for instances of credit card fraud for one very alarming reason.
It is well documented that those involved in credit card scams will usually stick with a set pattern whenever they steal a credit card.
The Children's Internet Protection Act (CIPA) is a federal law enacted by Congress in December 2000 to address concerns about access to offensive content over the Internet on school and library computers. CIPA imposes certain types of requirements on any school or library that receives funding support for Internet access or internal connections from the "E-rate" program - a program that makes certain technology more affordable for eligible schools and libraries.
The low security of the credit card system presents countless opportunities for fraud. This opportunity has created a huge black market in stolen credit card numbers, which are generally used quickly before the cards are reported to be stolen.