Credit Card Skimming Term Paper by Nicky

A review of the problem of credit card fraud through skimming.
# 145351 | 991 words | 5 sources | APA | 2010 | US


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Description:

The paper explains how credit card skimming works and describes the damage that can be caused to consumers and credit card companies. The paper looks at the criminal uses of skimmed credit card information, including how it can be used to assist terrorists. Finally, the paper discusses how consumers can keep themselves from being victimized by this form of fraud.

Outline:
Introduction
Credit Card Skimming
The Damage Caused by Credit Card Skimming
Criminal Use of Skimmed Credit Card Information for Financial Profit
Other Uses of Skimmed Credit Card Information
Preventing Credit Card Skimming

From the Paper:

"In principle, credit card skimming consists of illegally recording, copying, and unauthorized criminal use of that sensitive consumer information by creating a brand new plastic credit card with all of the valid information belonging to the legitimate owner of the original credit card. The only hardware necessary to steal of the information encoded in a typical consumer credit card is a small card swiper and a means of storing digital information. Once the criminal has that information, he can download it and use illegal computer programs to encode blank credit cards with stolen consumer credit information (Schmalleger 2008)."

Sample of Sources Used:

  • Ballezza, R.A. (2007). The Social Security Card Application Process: Identity and Credit Card Fraud Issues. The FBI Law Enforcement Bulletin; Vol. 76, No.5.
  • Larsen, R. (2007) Our Own Worst Enemy: Asking the Right Questions About Security to Protect You, Your Family, and America. New York: Grand Central Publishing.
  • Mills, J., Byun, S. (2006). Cybercrimes Against Consumers: Could Biometric Technology Be The Solution? IEEE Internet Computing, Vol. 10, No. 4.
  • Safir, H. (2003). Security: An Inside Look at the Tactics of the NYPD. New York: St. Martin's.
  • Schmalleger, F. (2008). Criminal Justice Today: An Introductory Text for the 21st Century. Upper Saddle River, NJ: Prentice-Hall.

Cite this Term Paper:

APA Format

Credit Card Skimming (2010, November 04) Retrieved October 05, 2022, from https://www.academon.com/term-paper/credit-card-skimming-145351/

MLA Format

"Credit Card Skimming" 04 November 2010. Web. 05 October. 2022. <https://www.academon.com/term-paper/credit-card-skimming-145351/>

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