Tag: credit card fraud

How Committed Are Credit Card Companies To Security?

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Credit card companies talk the talk when it comes to security, but do they walk the walk?

 

We interviewed an individual (let’s call him BJ) that has been at the wrong end of an identity theft/credit abuse case that seemed to have two antagonists, leaving our source fighting against two enemies. We’ll jump right into the interview here.

SCC: So BJ, how did your problem with the credit card companies begin?

BJ: It’s such a long story, but I’ll try to keep it short. I had a business partner who took advantage of our business relationship to access my personal information. He also utilized credit cards to make huge amounts of purchases. I don’t know for certain, but I think he had an accomplice in that part of his scam. All the problems arise from procedures that the credit card companies employ and the lack of fairly simple safeguards.

SCC: So you have an issue with more than one credit card company? And there are multiple ways your partner used credit cards to defraud you and the credit card companies? Read More