New Trends in Credit Card Fraud

Despite stability in the number of victims and losses last year, the ways that credit card fraud occurs have changed. With the switch to chip-enabled EMV cards in 2015, identity thieves are moving from cloning counterfeits of that existing plastic and, instead, are focusing on opening new fraudulent accounts with stolen Social Security numbers and other sensitive data. In its 2016 Identity Fraud Study, Javelin Strategy & Research reports that new-account fraud more than doubled in 2015 from the previous …

Season’s Cheatings! Get Wise to Holiday Shopping Scams

Black Friday has kicked off the official holiday shopping season, so here’s a rundown of the most common scams aimed at shoppers — and how you can avoid them: The name game Scammer-run websites use the names of popular items and retailers to steal credit card and password information or deliver malware. You’re led to them when you do online keyword searches, including terms like “discount toys.” >> Top Seasonal Scams to Avoid Search away to compare prices, but before you click …

6 Places Never to Use a Debit Card

En español |  Credit or debit? Although both cards look the same, they offer different protections. Under federal law, if your credit card is used to make unauthorized charges after it is lost or stolen, you’re liable for only $50 – no matter the amount and with no time restrictions to report the fraud. And many issuers won’t even charge the $50 for valued customers. But with a debit card, you have just two business days to report an unauthorized loss or …