Credit card fraud keeps growing on the Net

To understand the world of credit card fraud, you must first learn an entirely new language. Words like "skimming," "shoulder surfing" and "phishing" may sound less criminal than "stealing," but they are, in fact, ways in which money can be stolen off your credit card.

And though there are no definitive global figures on losses from credit card fraud - most financial institutions are tight-lipped on the subject - an FBI report from 2005 indicated that credit cards represented the majority of the total $315 billion U.S. financial fraud loss for that year, while a recent European study found that more than 22 million adults fell victim to credit card scams in 2006. Figures from the Banque de France, the country's central bank, showed a credit card fraud loss of €236 million, or $319 million, for 2005. More ...
By Jennifer Conlin - The International Herald Tribune