What are the most common ways criminals commit credit card fraud?

The crime of credit card fraud begins when someone either steals a credit or debit card, or fraudulently obtains the card number and other account information necessary for the card to be used successfully.

What are the common signs of credit card fraud?

A few examples of credit card fraud include account takeover fraud, new account fraud, cloned cards, and cards-not-present schemes. This unauthorized access occurs through phishing, skimming, and information sharing by a user, oftentimes unknowingly.

What are the consequences of credit card fraud?

People who commit credit or debit card fraud can face jail time and fines, but the exact penalties vary based on the extent of the fraud, the amount stolen, and the goods obtained. In most cases, as the amount increases, so too does the penalty.