Male Rep3

 

 "IT Solutions to Advance your Company"

Have IT Questions?
Call us now (888) 894-6411

TWINTEL Solutions Blog

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.

Delivering Value Through Managed IT Services
VoIP Delivers Benefits That a Traditional Phone Sy...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, November 20 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Mobile? Grab this Article!

QR-Code

Our 10 Benefits

Our 10 Benefits Whitepaper

This whitepaper will evaluate the differences between traditional technical support practices and modern managed IT practices and the pros and cons of both in regards to small and medium-sized businesses.

Download Now!   Need A Consultation?

Tag Cloud

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