credit card fraud statistics
Anti Phishing Alert:
Identity theft and credit card fraud are not the same crime, though the two are often lumped together as one. Identity theft is much more far-reaching than credit card fraud. When a criminal steals you identity, they may have financial motivation, but you'll suffer more than fraudulent charges on your credit cards.
Identity thieves may change account information, create new accounts, use your identity to commit crimes, and even use your identity to establish a new life. Credit card fraud, on the other hand, is limited to charges on stolen credit card numbers. A criminal gains access to your account number and then uses it to purchase products online or in person and then resells those goods to get the cash.
So, if credit card fraud is not identity theft, why address it? The simple answer is because credit card fraud can be an element of identity theft. It can also lead to identity theft.