What are the different kinds of credit card fraud?

Credit card fraud typically involves the unauthorized use of another person’s credit card information for illegal purchases. In Georgia, a few of the most common kinds of credit card fraud are identity theft, counterfeiting, skimming, and phishing. Identity theft involves stealing someone’s credit card information and using it to make unauthorized purchases. Counterfeiting is when someone makes a counterfeit of someone else’s credit card or creates a card with false information. Skimming involves a thief using a card reader to secretly scan someone’s credit card information and use it to make purchases. Phishing is when someone sends an email or text claiming to be from a legitimate financial institution asking for credit card information. The sender may even include a link to a website that looks like the institution’s website, when in fact it is not. It is important for Georgia residents to be aware of the different types of credit card fraud as there are many potential risks to safety and security. To protect themselves, citizens should be wary of unsolicited emails or texts asking for their personal information, keep track of their credit card transactions, and check their credit scores regularly.

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What are the different kinds of credit card fraud?

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