What are the different kinds of credit card fraud?
Credit card fraud is a crime in which a person knowingly uses someone else’s credit card information without their permission to make purchases or obtain cash. There are several different types of credit card fraud that can occur in California or anywhere else. One type of fraud is identity theft, where criminals use stolen personal information to open a new account or make unauthorized charges in an existing account. Credit card skimming is another type of fraud, where criminals install a device that reads and stores your credit card information without your knowledge. Counterfeit cards are also a type of fraud, where criminals produce cards with stolen account information and use them for unauthorized transactions. Chargeback fraud is another type of credit card fraud, where someone makes a purchase with a stolen card, but then requests a chargeback from their bank. This type of fraud is especially difficult to detect, since it appears to the merchant that a valid transaction has taken place. Non-receipt of goods or services fraud is a type of fraud that involves making a purchase with a stolen credit card and then falsely claiming not to have received the goods or services. Finally, phishing is a type of fraud where criminals send emails or text messages that appear to be from a legitimate company, and ask you to provide personal or financial information. Phishing is growing in popularity, so it’s important to be cautious and verify the source of any emails or text messages you receive before responding.
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