November 5, 2008

Card Holder Slot

Card Holder Slot

Credit Card Identity Theft Info

Credit card identity theft is simply a category of identity theft, for which your credit card is used as a means for illicit purposes. Usually, credit cards are used to perform fraudulent activities such as to withdraw funds from your account without your authorization, purchase goods in your name, and to obtain bank loans and open another credit card account, thereby leaving all debts and credits for you to clear. According to several studies, about ten million people are affected as a result of credit card identity theft per year. In fact, credit card identity theft or credit card fraud has now become one of the serious problems confronted by the US Law agencies.

The technological advancement has brought about revolutionary changes in almost every field. Hence, there is no exception in the case of credit card identity theft. In other words, thieves adopt most advanced options and tools to retrieve your credit card details. For instance, scammers use a pocket-sized tool attached with a slot that could easily scan and copy information from your credit card’s magnetic tape, which even includes the security holograms markings. Here starts the plight of poor credit card holders, as thieves use this cloned information for unscrupulous purposes. Lost or stolen wallets and purses is perhaps the most common way through which credit card identity theft could occur. As per the studies revealed by credit card companies, about 50% of identity theft is obtained via stolen wallets.

Aside these, thieves also depend on conventional options to retrieve your credit card information. For instance, credit card identity theft may also happen through phone. So if you receive a phone call requesting for your social security card number and credit card number and expiry date, be careful as it may be the first step adopted by thieves to retrieve your sensitive information. A legitimate credit card company never gives you a phone call out of the blue to request for your credit card information. Another common way through which your credit card information could be stolen is via raiding your mailbox by criminals. In some instance, thieves even search trash to gain your credit card and other important information. Hence, check several times before disposing a document or bill into the trash.

Many people become victims of credit card identity theft via online, as scammers use high tech viruses as well as Trojans to track and record your critical information. In short, you are at risk to become a victim of identity theft at any moment. Hence, being careful is one of the best ways to reduce the chances of credit card identity theft. The installation of the latest anti virus software and the usage of sophisticated wallets like iWallet can help you to prevent identity theft to an extent.

About the Author

Steve Cabouli writing for iWallet.com, the online shopping site for iWallet. This Hi-Tech Hard Cash and Credit Card Wallet is designed to prevent identity theft. Find more information about this wallet online from the website. Find the reasons for why its superior over the normal mens wallet! Buy iWallet now and prevent identity theft.

Where can I get a Wallet with no card holders ?

My sons teacher wants a wallet with no credit card holders. However, every wallet I see has them. DOES anyone out there
know where I can find a wallet that does NOT have the card
slots? A nice leather wallet that may be has a car on it or
can have initials on it...OR JUST PLAIN, it doesn't matter

HELP

I believe the best thing you could do would be to get a normal leather wallet and cut out the the pocket with something sharp like a knife or something like that. Make sure the cut is very clean so it would seem as if the wallet had no credit card holder. This is risky but if you cannot think of any other options you could try this...let me know how it works.

Case-Mate® I.D. Credit Card Case for BlackBerry Tour 9630