Credit Card Identity Theft Fears Washington DC

A recent study found that, in the midst of the global financial crisis, American's primary fear is credit and debit card fraud. 68% of those surveyed are extremely or very concerned about the security of their credit or debit card data, and 66% are extremely or very concerned about identity theft.

Jacqueline Levasseur Patt
(202) 344-8152
575 7th St Nw
Washington, DC
Specialties
Trademark Infringement, Intellectual Property, Identity Theft
State Licensing
DC, Maryland

Barrie B Vanbrackle
(202) 585-6530
700 12th St Nw, Suite 1100
Washington, DC
Specialties
Identity Theft, Litigation, Advertising
State Licensing
DC

Nicole E Kinsey
(888) 495-7289
4800 Hampden Lane, Suite 200
Bethesda, MD
Specialties
Estate Planning, Debt Collection, Debt Settlement, Credit Repair, Identity Theft
Education
George Washington University National Law Center,Johns Hopkins University,University of Virginia
State Licensing
DC, Maryland

Jonathan Eugene O'Connell
(703) 720-8063
1600 Tysons Blvd Ste 700
Mclean, VA
Specialties
Employment, Identity Theft, Civil Rights
Education
University of Florida, Fredric G. Levin College of Law
State Licensing
Florida

Marc R Emden
(301) 762-7007
200A MONROE ST STE 200
ROCKVILLE, MD
Specialties
Criminal Defense, Personal Injury, Litigation, Speeding Ticket, Identity Theft
Education
American University, Washington College of Law,University of Maryland, College Park
State Licensing
Maryland

Darin W Schultz
1301 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Identity Theft, Litigation, Government, International Law, Contracts
Education
Georgetown University,Georgetown University
State Licensing
DC

Alysa Zeltzer Hutnik
(202) 342-8603
Rm 400, 3050 K St Nw
Washington, DC
 
Sonya A Smith-Valentine
(301) 513-9500
7319 HANOVER PKWY STE C
GREENBELT, MD
Specialties
Identity Theft, Debt Collection, Credit Repair, Debt Settlement, Foreclosure
Education
Brooklyn Law School,Villanova University
State Licensing
DC, Maryland, New Jersey, New York

Russell P Butler
(301) 952-0063
1001 Prince George's Blvd, Suite 750
Upper Marlboro, MD
Specialties
Identity Theft, Violent Crime, Appeals, White Collar Crime, Federal Crime
Education
University of Baltimore School of Law,University of Maryland, College Park
State Licensing
DC, Maryland

Darin W Schultz
1301 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Identity Theft, Litigation, Government, International Law, Contracts
Education
Georgetown University,Georgetown University
State Licensing
DC

Credit Card Identity Theft Fears

Provided By:

Credit card identity theft fears loom

Posted by Robert Siciliano on September 3rd, 2009

Robert Siciliano is a NextAdvisor.com Expert Guest Blogger

A recent study found that, in the midst of the global financial crisis, American's primary fear is credit and debit card fraud. 68% of those surveyed are extremely or very concerned about the security of their credit or debit card data, and 66% are extremely or very concerned about identity theft.

Compare that to 58% who are extremely or very concerned about terrorism and war, and 41% who fear the possibility of a serious health epidemic.

Credit card fraud comes in two different flavors: account takeover and new account fraud. Account takeover occurs when an identity thief gains access to your credit or debit card number through criminal hacking, dumpster diving, ATM skimming , or perhaps when you hand it over to pay at a store or restaurant. Technically, account takeover is the most prevalent form of identity theft, though I’ve always viewed it as simple credit card fraud.

Federal laws limit cardholder liability to $50 in the case of credit card fraud, as long as the cardholder disputes the charge within 60 days. Debit card fraud victims must notify the bank within two days in order to be protected by this $50 limit. After that, the maximum liability jumps to $500. And if a victim doesn’t discover or report the fraud until after 60 days have passed, the liability could be the entire card balance, for a debit or credit card. Once your debit card is compromised, you might not find out until a check bounces or the card is declined. And once you do recover the funds, the thief can just start all over again, unless you cancel the account altogether.

Protecting yourself from account takeover is relatively easy. Simply pay attention to your statements every month and refute unauthorized charges immediately. I check my charges online once every two weeks. If I’m traveling extensively, especially out of the country, I let the credit card company know ahead of time, so they won’t shut down my card while I’m on the road.

Protecting yourself from new account fraud requires more effort. You can attempt to protect your own identity, by getting yourself a credit freeze , or setting up your own fraud alerts . There are pros and cons to each. Another good option is to invest in identity theft protection , because when all else fails, you’ll have someone watching your back.

Robert Siciliano is CEO of IDTheftSecurity.com , an identity theft expert, professional speaker, security analyst, published author and television news correspondent. Siciliano works with Fortune 1000 companies and startups as an advisor on product launches, branding, messaging, representation, SEO and media. Siciliano's thoughts and advice on all these matters appear often in both the televised and print news media including CNN, MSNBC, CNBC, FOX, Forbes and USA Today. He has 25 years of security training as a member of the American Society of Industrial Security. He is the author of two books, including The Safety Minute: Living on High Alert; How to take control of your personal security and prevent fraud . He's also partnered with Uni-Ball to help raise awareness about the growing threat of identity theft and to provide tips on how you can protect yourself.

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