“Debit card scams are a nightmare,” warns Ed Mierzwinski, consumer program director for the U.S. Public Interest Research Group (PIRG) in Washington, D.C. “You don’t get the same consumer protection as with a credit card.”
The Information Card Foundation has devised a very effective means to eliminate or greatly reduce the incidence of identity theft and phishing with its system of digital cards. These cards help protect consumers by eliminating the need for logon ids and passwords, keeping personal information private . . .
While on-line shoppers and merchants are becoming more knowledgeable, there’s one identity theft threat that has been tough to tame- the inside job. The bad news is that an estimated 85% of all on-line identity theft is associated with an “inside job.”
Virtual credit card numbers? What the heck is a virtual credit card? How do I get a vritual number and how can I use it? One-fifth of identity theft victims blame on-line credit card use for making them vulnerable to this crime. Fear of becoming an identity theft crime victim is the number one reason given by those who avoid shopping on line.
A virtual credit card is one option and layer of protection for those who would like to shop on line but still protect their credit card’s numbers.
Actual statistics about online Identity Theft I found this today and thought I would share it here. It’s a summary from ABA Creative Web Services about a study done on online shopping and Internet-related fraud. It is a commonly held belief that Internet use increases the chance of Identity theft. Thanks to a study by …