No Victim in Cases of Credit Card Fraud?
Saturday, February 9th, 2008One security expert says many believe that fraudulent expenditures on credit cards do not involve a victim.More and more people fail to see a losing party in cases of credit card fraud, according to Danny Harrison, a security expert with protection firm CPP.
People who commit credit card fraud do not believe they are harming anyone, leading to higher levels of the crime, he says.
Because the bank, and not an individual, suffers the loss, an increasing number of people believe there is no victim to their crime, says Mr. Harrison.
He warns consumers to take care of their credit cards and report any lost or stolen card to their provider immediately.
People facing difficult financial issues may find a solution in a debt consolidation loan, according to Iain Wrenshall, director of Debt Help UK.