Blogging Time

Credit card frauds have been rampant now a days, from a simple technique down to the technological ways how to make fraud credit card bills. Security is not that up to date when it is coined with credit card frauds usually it takes months before the individual user notice that its credit card bills have risen dramatically yet that person never made a single purchase for over a month.

Now credit card thieves are back to using another low tech technique using just a simple knives and glue stick to be able to fraud a credit card purchase, with a lot of credit card numbers going in and forth the black market its no wonder thieves can get their hands on this, and by simply create a new card with those numbers by shaving the numbers off of gift cards or expired credit cards and gluing them onto a defunct or stolen card. Then this individuals create a groove or holes on the magnetic strip of the credit card to deem unworkable making the teller to manually input the working credit card numbers they bought out of the black market and its done.

Credit card fraud at its finest… so beware and always try to gain access to your credit card companies and check twice or 3 times a month to see if there are an authorized used of your credit card.

Souce taken from Yahoo Finance