Written in 2009; 1,872 words; 9 sources; MLA; $ 59.95
Paper Summary:
The paper explores the numerous details of credit card fraud by taking a look at the collection of data required to commit credit card fraud, uses for this data, and how the criminal employs it to obtain credit fraudulently. The paper provides a real life example along with a list of ways to recognize the danger posed by this type of fraud.
Outline:
Collection of Data
Real Life Example
Conclusion
From the Paper:
"In a three year period, 2004 through 2006, approximately 1.27 million complaints of fraud were reported totaling over $2.4 billion; the most common form being credit card fraud, which accounted for approximately 30% of the reported incidents (Federal Trade Commission 7). Since the advent of the internet, criminals have found it increasingly easy to steal the identities of individuals, primarily through credit card fraud. However, even with significant advances in technology, many of the methods used to commit credit card fraud are decidedly simple. The way in which technology has really aided criminals is the widespread availability of personal information and a variety of techniques to collect an individual's data."
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