• How thieves steal your credit card data

The Background

These days, thieves only need a minute, sometimes a second, to pilfer your credit card data.

"Back in the beginning, they got the imprint of credit cards from the carbon copies they dug out of the trash," says William Noonan, a criminal investigator in the U.S. "Technology has changed things."

This year criminals hacked, phished or skimmed their way into the systems of Sony, marketing firm Epsilon, Citibank and even security expert RSA, among others. In some cases, they only obtained names and emails. In the worst cases, they got credit card numbers.

Identity theft and cyber fraud cost Australia a whopping $8.5 billion every year. One in five Australians will be hit and it's getting worse every day.

The most common schemes are simpler than you think. Let's take a look at the most common ways thieves pilfer your credit card information.

Source: Bankrate.com

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Nov 2, 2012

How thieves steal your credit card data

Let's take a look at the most common ways thieves pilfer your credit card information.

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