Update Credit Card Information

  Update Credit Card Information  - Identity theft: Really simple ways in which someone can take control of your destiny  - Jun 20, 2007  

Identity theft might sound a pretty complex way of stealing and it often confuses about what exactly is being stolen. Stating in simple terms identity theft is a process when someone tries to fake your identity by using fraudulent means and thus take undue advantage in many ways. Identity theft is more about stealing information initially and then manipulating that information to take over the real identity. For example, if some one steals your credit card and makes purchases on your behalf, or someone getting hold of your personal details and creating a false credit history on your name, or someone grabbing your credit information and using for his own benefits. It might look naive but honestly, there are really simple ways in which identity can be stolen. Here are few of them.

If somebody can steal your wallet or read your mails, get alerted. You can be a victim of identity theft. Unused and unattended credit card lying here and there are the foremost cause of identity theft. Add to it a cluttered unorganized mailbox, (yes we are talking of snail mail or physical mails as they are known in modern times) and the chances of identity theft increase.

Are pre approved credit cards lying in your mailbox, eating dust? Take charge grab them and destroy them as soon as possible ( if you don't need them). Identity thieves sense these unattended pre-approved offers as golden opportunity to snatch your identity.

Having weak passwords on your bank accounts, mailbox and computer logins? Identity hackers can break through your accounts easily. Technology has grown and more and more strict online password security measures are adopted by companies, but the hackers are still a step ahead. And if you don't use a secure password, you are an easy bait for password breaking programs, and identity theft.

Do you easily drool and get lured by a sweet talking lady on phone asking for your personal details and shell out all of your vital personal data? You are in for a big big shock. Don't get surprised if after one such call you find someone else taking charge of your accounts. It was your mistake you did give your personal details and vital numbers to a stranger. This is a very simple and effective means used to get personal information which is later used for identity theft.

Nothing is more insecure than filling a form on internet, unless the website clearly details how it will use your personal data. While shopping online you are often asked for personal and financial details, it is like baring everything before a computer. And imagine what can happen if that information is misused or traded across parties? You are doomed.

Identity theft is a relatively new phenomenon but the basics of stealing are the same. The identity thieves are constantly looking for someone careless enough to catch hold on and take control. Are you the next one?

  Update Credit Card Information  - How does a credit card company use your private data?  - Jun 28, 2007  

The credit card companies have good access to a wide ranging information about us. They already collect all the personal information such as name, age, address, phone numbers from us. While the vital financial details are acquired by the credit card company by accessing our credit reports. This information is very vital for the credit card companies and even more for us. How do the credit card companies use this information, and what more do they collect from our day to day activities. This article takes a look at all such things.

Whenever we make a purchase or borrow from our credit card the credit card companies gets the required information about the card, date of purchase, amount of purchase and place of purchase. It is good to have a receipt of every purchase one makes using his/her credit card since it is very useful to dispute any fraud claims.

The credit card employees who address who get all the formalities done like getting your application filled, scrutinizing your application, getting thins verified, entering the application in computers and processing them -- all can go through your financial and personal details. It is all bare before them, but all these employees are bound by the company regulations and must respect the company's privacy policy.

The customer service representatives, to whom you refer your complaints and other things also have access to all your private information. They need this to verify your identity and provide prompt and relevant customer services.

Whenever there is a claim for lost or stolen credit cards, the credit card companies do have to share your vital information with the security authorities.

Credit card companies use the information you provide, and your spending habits by recording your day-to-day credit card activities for research and analysis purposes. They also use this information to develop marketing programs that give them more leverage to get new customers.

Credit card companies do share information with their partner networks on a mutual basis for things that benefit each other. In addition to mutual benefits if a credit card company employs some other agency to do marketing or customer service on its behalf, the company also gets to know your personal and financial details.

Whenever, during a legal proceeding, a subpoena is issued, the credit card company must present your private details to the necessary authority.

These things may alarm you as how many people know everything about you! But, wait there is little to worry because the credit card issuing companies have to maintain physical, electronic and procedural security measures that comply with federal regulations to safeguard the information about every cardholder. There are very low incidences where actually the company which has issued the credit card has committed any fraud.

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