Credit Card Fraud Essay

2919 Words 12 Pages
The advent of technology, in the form of credit card, brought in convenience and made life simpler for us, but along with it came the Pandora’s Box. While credit cards have made life easy for us, they have also managed to make life easy for the crooks. While enabling us to purchase things we fancy whilst seated on our couch, it has on the other hand made it easy for fraudsters to guzzle away money that is not truly theirs.

In this paper, I would be:
i. Problem Statement ii. Introducing the topic about credit card fraud iii. Talking about different types of credit card frauds iv. Current issues related to this fraud
v. Tools used for Credit Card Fraud vi. Future effects of this fraud vii. Credit Card Fraud Detection
viii.
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The advent of technology, in the form of credit card, brought in convenience and made life simpler for us, but along with it came the Pandora’s Box. While credit cards have made life easy for us, they have also managed to make life easy for the crooks. While enabling us to purchase things we fancy whilst seated on our couch, it has on the other hand made it easy for fraudsters to guzzle away money that is not truly theirs.

In this paper, I would be:
i. Problem Statement ii. Introducing the topic about credit card fraud iii. Talking about different types of credit card frauds iv. Current issues related to this fraud
v. Tools used for Credit Card Fraud vi. Future effects of this fraud vii. Credit Card Fraud Detection viii. Legal Action towards credit card fraud ix. Steps to prevent such frauds
x. Conclusion

ROBLEM STATEMENT
Have you ever forgotten to get a copy of your credit card receipt the last time you visited a restaurant and had paid your bill with a credit card? Did you know that many of these receipts have your credit card number printed right there for anyone to see (and use)? And, if you've signed your receipt, your signature can be copied by any. This can lead to the most critical form of identity theft. With this handy information, some unprincipled personal can easily start his or her Christmas or New Year’s shopping by phone or on the Internet using your credit card number. You would be unaware about this theft until you get your monthly
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