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Privacy Defended: Protecting Yourself Online by Chris Weber, William Chan, Gary Bahadur

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Credit Card Theft

Credit card theft is experienced by many businesses and individuals. As a consumer, you are not usually held responsible for charges to a credit card that has been stolen. In some cases, however, you might have to pay $50 or whatever amount was charged, but other than that and the headache of having to get a new credit card, the cost is minimal. For businesses, though, the cost of credit card theft is astronomical. For everyone from the merchant who will not get paid because the credit card company can back out of the charge to the insurance company that has to pay out money each year for stolen merchandise to the credit card company that has to incur the cost of reissuing the card, the costs mount up along the way. When Egghead.com ...

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