Chapter 19. Credit Card Security

Credit Card Security

What’s the most insecure thing about your life?

If you’re like most people, it’s your credit card—or to be more accurate, your credit cards because most people have multiple cards. Credit cards are stolen with astonishing regularity and account for substantial amounts of financial losses every year.

There is no single source of information about credit card theft, but the Federal Trade Commission reports that credit card and identity theft cost consumers more than $52 billion in 2004 alone.

Most people worry about their credit cards being taken when their wallet or purse is stolen or when they give out credit card information ...

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