One person’s record pulled 750 times? Yikes. How many of you have smart phones? Have you installed any apps? What data might those apps be able to access? And what might the companies be doing with that data? After all, we are talking about devices with high-res cameras, microphones, GPS chips and accelerometers (all of which can be remotely activated, by the way).
According to credit fraud statistics, credit fraud and identity theft are a small part of overall credit card spending in the United States. Losses due to default far exceed those caused by fraud. However, if credit fraud or identity theft happens to you, it can be overwhelming. Victims may be protected financially, but they are forced to experience major inconvenience. Ultimately, we all pay for credit card fraud in terms of higher prices, higher interest rates and extra inconvenience.^’
One person’s record pulled 750 times? Yikes. How many of you have smart phones? Have you installed any apps? What data might those apps be able to access? And what might the companies be doing with that data? After all, we are talking about devices with high-res cameras, microphones, GPS chips and accelerometers (all of which can be remotely activated, by the way).
ExciteBiker,
Do you use a smart phone? Or just a regular cell phone? Or just a landline?
Also, do you think it is worth it to pay for credit fraud protection?
According to credit fraud statistics, credit fraud and identity theft are a small part of overall credit card spending in the United States. Losses due to default far exceed those caused by fraud. However, if credit fraud or identity theft happens to you, it can be overwhelming. Victims may be protected financially, but they are forced to experience major inconvenience. Ultimately, we all pay for credit card fraud in terms of higher prices, higher interest rates and extra inconvenience.^’