A new study of credit cards from 25 of the largest issuers found that many still fall short of protecting users from fraud. 56 percent of the 25 card issuers surveyed continue to require full Social Security numbers to help identify their customers, whether by phone, online or by mail. This is a risky practice that unnecessarily increases the customer's exposure to identity fraud. While more card issuers now offer consumers e-mail or telephone transaction-alerts to advise them of account activity, the number of participating card companies is still small--about 8 percent.
Categories:
Credit Card Security,Identity Theft
Reporting Pub:
PCWorld.com
Reporting Date:
8/2/2007
Article
Title:
Credit Cards Ranked on Security as Fraud Fears Grow
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