Credit Card Fraud

True. The other forms of credit card fraud is that there have been instances where someone calls telling that they calling from a particular bank and tell about their bank's credit card features and immediately asks our current credit card details so that they could process our application faster and without hasles. I feel that we should not give out our credit card details to those people who calls and claim that they belong to the bank and how do we know whether they belong to the said bank. This has happened to me many times. I feel that banks themselves should come up with some form of method to curb these sort of frauds involving them, so that the precious money of the customes would be spared.

Join the shredder club .. I shred every scrap of paper that has any detail on it whatsover .. But what I find most irritating is that the credit card companies have to use automatic envelope stuffers and sealers .. of course they do for the thousands and thousands of pieces of mail they send out .. but it seems more and more often the envelopes are only partially stuck at one little point ... how can I be sure no one has peeped in and taken my details ... So everytime it happens I apply for a new card .. if we all did that they'd perhaps get their blinkin' machinery fixed so that the envelopes are stuck down properly everytime And just to be as safe as possible I've taken out a personal ID insurance ..

Credit and charge card fraud costs cardholders and issuers hundreds of millions of dollars each year. While theft is the most obvious form of fraud, it can occur in other ways. For example, someone may use your card number without your knowledge. It's not always possible to prevent credit or charge card fraud from happening. But there are a few steps you can take to make it more difficult for a crook to capture your card or card numbers and minimize the possibility. If you lose your credit or charge cards or if you realize they've been lost or stolen, immediately call the issuer(s). Many companies have toll-free numbers and 24-hour service to deal with such emergencies. By law, once you report the loss or theft, you have no further responsibility for unauthorized charges. In any event, your maximum liability under federal law is $50 per card.

I havent been cheated yet. But yes its truly worrying. I dont find any solutions to disallow a person who has your confidential data. I avoid sending such information through mails and even if i do it than i protect it by a password. Cheers!!