Does Credit Card Theft Mean Identity Theft?

Does Credit Card Theft Mean Identity Theft?

Almost anyone would consider having their credit card stolen a major problem, but while it may technically constitute identity theft, identity theft itself can be any number of things. Today, we go over the difference between credit card theft and identity theft and what you can do to keep your staff, clients, and vendors safe.

Defining the Crimes
The first thing you have to know is that credit card theft and identity theft are not mutually exclusive, but while credit card theft is identity theft, identity theft obviously isn’t credit card theft. Credit card theft is when someone has stolen your credit card information and is able to use that information to purchase goods, services, or dispense money.

Identity theft, however is a blanket term that covers these three situations:

Fraud or misuse of an existing account -- With 16.4 million of 2014’s 17.6 million victims being targeted by this variety of identity theft, this is easily the most prevalent form of identity theft. This is defined by situation where a party gains access to an account without the account holder’s authorization and uses its credentials to benefit them in some way.

Fraud or misuse of a new account -- Opening a new account in another party’s name. This type of fraud can happen all over, and can range anywhere from opening a consumer benefits account, to opening a line of credit or a checking account, to buying property. This type of fraud was reported about 1.1 million times in 2014.

Fraud or misuse of personal information -- All other uses of stolen personal information added up to a relatively paltry 713,000 reported cases. This is mainly when someone uses your identity to gain a benefit they couldn’t have otherwise. You see this used mostly to find employment, rent property, see a doctor, or lie to the authorities.

Protecting Yourself
As a business owner, you are responsible for the data people have entrusted with your. By knowing what to do to protect your own data, you’ll know how to approach securing the clients, employees, and vendors personal data you hold on file. Make sure to have a strong firewall on your network to keep unwanted intruders out, and antivirus and spam blocking solutions to eliminate threats when they do get past your defenses. Also, consider learning today’s best practices to ensure you are always in the right position to keep your identity secure. Here is a resource from the University of Pittsburgh to help you.

For more information about identity theft and network security, visit our blog regularly.



No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Thursday, August 16 2018

Captcha Image

Tag Cloud

Tip of the Week Security Privacy Technology Best Practices Cloud Business computing Google Microsoft Malware Software Network Security Hackers Backup Windows 10 Tech Term Internet Data Hardware Innovation Hosted Solutions Android Business Smartphones Email VoIP Managed IT Services Alert Browser Small Business Business Continuity Office Mobile Devices User Tips Data Backup Computers Computer Disaster Recovery Business Management Cloud Computing Ransomware Outsourced IT Smartphone Efficiency Cybercrime Communications Law Enforcement IT Services Productivity Miscellaneous Money Passwords Password How To Telephone Systems Facebook Virtualization Windows Social Media Collaboration Cybersecurity Chrome Network Data Recovery Artificial Intelligence Router Managed IT Services Productivity Office 365 Health Internet of Things Gadgets Social Engineering Work/Life Balance Communication Quick Tips App Upgrade Wi-Fi Windows 10 Bring Your Own Device Applications Mobile Device Management Holiday Private Cloud Workplace Tips Apps Phishing Data Protection HaaS Office Tips IT Support Data Security Google Drive Word Automation Data Breach Two-factor Authentication IT Support Saving Money Microsoft Office Connectivity Vulnerability Hacking Spam BYOD Bandwidth VPN Legal Data Storage PDF Mobility Automobile Entertainment USB Value Save Money Networking BDR OneNote IT Management Managed Service Provider Comparison Data Management Redundancy Avoiding Downtime Government Website CES Spam Blocking Employer-Employee Relationship Keyboard Charger Mobile Device Marketing IT Plan Paperless Office Patch Management Information Public Cloud Content Management Operating System Cleaning Battery Worker Unsupported Software Scam Business Intelligence Server Remote Monitoring Big Data Blockchain Computer Care Update Identity Theft Remote Computing Managed IT End of Support Infrastructure History Flexibility Windows 7 Samsung Electronic Medical Records Training Password Manager Emails Benefits Workforce Skype File Sharing Wireless Charging Wireless Devices iPhone Smart Office Television Trending Human Resources Solid State Drive Flash Computer Accessories Travel Advertising Google Docs Frequently Asked Questions NIST Leadership Fraud Access Control Meetings Vendor Management Business Mangement Firewall Accountants Best Practice Start Menu Relocation User Error Bluetooth Cortana Thought Leadership Document Management Emergency Public Computer Staff Audit Troubleshooting Loyalty Techology Users Excel Monitor Cryptocurrency Save Time Amazon Information Technology Authentication Gmail IT solutions Physical Security Servers Smart Technology Current Events Telecommuting Content Tools Google Apps Search Specifications Computer Fan Sync Nanotechnology Instant Messaging Data loss Wireless Internet SaaS Voice over Internet Protocol Virtual Reality Tip of the week Safe Mode Amazon Web Services Experience Recovery Recycling HVAC Two Factor Authentication Knowledge Remote Work Practices Video Games Downtime Audiobook Humor Internet Exlporer Risk Management Workers Addiction webinar How to Machine Learning Digital Signature The Internet of Things Files Managed Service Online Shopping Smart Tech Screen Mirroring Hybrid Cloud Wire Windows 10s Worker Commute Windows Server 2008 Data storage Virtual Assistant Hiring/Firing Music eWaste Education HBO Enterprise Content Management Network Congestion Hosted Computing Root Cause Analysis Politics Rootkit Cache Conferencing Black Market Software Tips YouTube Transportation Safety Millennials Encryption FENG Telephony MSP Evernote Cast Apple Sports Books Assessment Multi-Factor Security HIPAA Telephone System Employer Employee Relationship Internet exploMicrosoft Wearable Technology Criminal Settings Computing Infrastructure Outlook Password Management IT Consultant Credit Cards Inventory Scalability Botnet Thank You Company Culture Compliance Webinar Congratulations Managing Stress Augmented Reality Regulation CrashOverride Twitter WiFi

Mobile? Grab this Article!

QR-Code dieser Seite

Recent Comments

JeffereyANoah 5 Useful Cloud Apps for Small Businesses
15 August 2018
Sharing these type stuff is very useful and hope you will provide us more like this one. I come here...
Jared Albert VoIP Delivers Benefits That a Traditional Phone System Can’t
13 August 2018
A traditional telephone system is installed for the happiness of the people. Majority of the concern...
Meredith Maddox Tip of the Week: Tip of the Week: Mirror or Cast Your Android Device’s Screen
08 August 2018
Android mobile phones are top of the list now a days every one wants to buy android phone. It’s a bi...
MarianneJCruz Tip of the Week: Got a Solid State Drive? Here’s How to Take Care of It
31 July 2018
What a review
Digital Hold The Case for Hosting Your Phone Solution In-House
24 February 2018
Informative Blog. Thanks a lot for the useful info.