Looters Steal Credit Cards, Valuables from Malaysia Airlines Victims

The crash site of Malaysia Airlines Flight 17 is now being looted by locals. According to reports, thieves have already taken credit cards, jewelry and cash from the victims. The horrific tragedy already cost the lives of 295 innocent victims. … Continue reading

LowCards Exclusive Study: Identity Theft Concerns Shifting Shopping Habits of Americans

Identity theft has become a major concern for the American consumer and is now having a significant impact on their shopping habits. These are the findings of an exclusive survey conducted on over 400 random individuals by LowCards.com.   Nearly 46% of … Continue reading

Common Ways Thieves Steal Your Identity (And How You Can Prevent Them)

If you are worried about thieves trying to steal your identity, there are a variety of steps you can take to protect your personal data and critical information. There are a plethora of different technologies you can buy to keep … Continue reading

10 Things You Probably Didn’t Know About Identity Theft

Identity theft has become one of the biggest concerns for Americans. However, it is also one of the most misunderstood subjects among consumers. We are always looking for ways to protect ourselves from fraud. Credit card fraud or identity theft … Continue reading

AT&T Develops New Program to Help Prevent Credit Card Fraud

AT&T will pilot a new service that could help credit card companies prevent fraud. The program will let the credit card company know the current location of the accountholder based on the location of his or her phone. If that … Continue reading

Who Pays For Fraudulent Credit Card Transactions?

Credit card fraud is an issue that affects a number of different parties. Credit cardholders, banks, merchants and the scammer are all involved in a process that can take weeks or even months to fully resolve. The best way to … Continue reading

Teen Steals Credit Card to Rent $12 Million Vacation Home

A 19-year-old in California was charged with credit card fraud last week after he used a stolen card to rent a $12 million vacation home for $27,000. The teen also spent $13,000 renting a 2012 McLaren sports car worth $240,000. … Continue reading

Five New York Men Charged for Large-Scale Credit Card Scheme

Five men in New York are facing trial for aggravated identity theft and conspiracy to commit access device fraud stemming from a credit card scheme that spanned from April 2013 to April 2014. The five men in question bought the … Continue reading

Important Things To Do After Your Credit Card Number Is Stolen

Have you had your credit card stolen? Are you worried that someone might be using your identity to make purchases? This can be an intensely frustrating situation, but the first thing that you should do is stay calm. This will … Continue reading

BBB Warns of Text Message Credit Card Scam

The Better Business Bureau warned consumers last week of a new credit card scam spreading throughout the country via text message. The fraudulent messages tell customers that their cards have been deactivated and then prompts them to call a fake number … Continue reading

LifeLock Pulls Wallet App Due to Security Concerns

LifeLock has withdrawn its Wallet app from the market after concerns that it did not meet the Data Security Standard. The company has also deleted all user data from their system to prevent any future problems from arising. Todd Davis, CEO … Continue reading

Ten Ways To Prevent Identity Theft In 2014

There are always going to be people who try to steal your identity or credit cards. The key to protecting your critical financial and personal information is to be proactive in keeping them safe. While there are ways to limit … Continue reading

WooThemes Warns Customers of Data Breach

WooThemes, a web design template provider, posted a notice on their website that warns of a potential data breach in their checkout process. Nearly 300 cases of fraud have already been reported. WooThemes does not store credit card information from … Continue reading

Thief Steals Credit Card from Police Officer–And Gets Away

If you are going to steal a credit card, you may not want to take one from a law enforcement officer. But that did not stop a drunk Johnny Anthony Cervantes. According to surveillance video, Cervantes took a female officer's … Continue reading

LowCards.com Weekly Credit Card Update–May 12, 2014

Target CEO Steps Aside After Massive Data Breach A Christmas-season cyberattack on Target's computer systems did more than expose massive amounts of customer credit card data to potential fraud. It also turned up the heat on deeper troubles that simmered … Continue reading

Card-Free ATMs Coming to Australia

Australian banks are taking a new spin on ATM technology by offering ATMs that do not require a debit or credit card. Within the coming months, cardholders across the continent will be able to pull money out of an ATM simply … Continue reading

Turn “Off” Your Credit Cards to Prevent Fraud

Don't you wish you were able to turn off your credit cards when you don't need them so that no one else could use them? And then back on when you were ready to make a purchase? With OnDot CardControl, … Continue reading

Netflix Scam Threatens Credit Card Accounts

Identity thieves seem to get trickier by the day, and most recently, they have made targets out of Netflix users. Many users have compromised their credit card accounts by giving the hackers access to their computers. In the new scam, … Continue reading

LowCards.com Weekly Credit Card Update–March 28, 2014

Why So Many Retail Stores Get Hacked for Credit Card Data When a big retailer gets hacked, it's often quick to note that it has complied with cybersecurity rules set by the credit card industry. MasterCard, Visa and other card … Continue reading

Negligent Healthcare Practices Put Your Identity at Risk

A new study indicates an astounding 43 percent of identity theft cases in 2013 were the result of medical identity theft. This occurs when criminals gain access to your medical files and use information to open accounts and make purchases. The … Continue reading

Your Child’s ID is a Big Target for Identity Thieves

Child identity theft can be a bigger problem than other forms of identity theft because it can go unnoticed for years. A recent Carnegie Mellon study found that 10.2% of children under the age of 18 had someone else using their Social … Continue reading

LowCards.com Weekly Credit Card Update–March 21, 2014

Consumers Not Powerless in Face of Credit Card Fraud Most card companies already have custom alerts and other features that not enough consumers use. Then there's something that all cards should have but most don't--an on/off switch accessible from a … Continue reading

Credit Card Fraud Investigation Turns into Pot Bust

The investigation of a counterfeit credit card operation in New Jersey quickly turned into a major pot bust. Police officers in Egg Harbor Township began tracking the case in January when a couple was suspected of placing a number of … Continue reading

This Credit Card May Be Safer Than Chip and PIN

Paul Berger, a professor of electrical and computer engineering at Ohio State University, is working on a credit card design that may slow down identity theft. His creation of a hardware encrypted credit card is said to be extremely secure, … Continue reading

MasterCard Working on Credit Card Security Tied to Smartphones

MasterCard is teaming up with mobile technology company Syniverse to provide heightened credit card security through smartphones. The group is working on a program that will only allow credit cards to work when they are in close proximity to the … Continue reading

Possible Card Breach with Chicago Taxis

First American Bank is encouraging people in the Chicago area not to use debit or credit cards in Chicago taxicabs. The company has tracked down multiple cases of fraud involving customers who used their cards to pay their cab fare, … Continue reading

Marijuana Scent Leads Police to Credit Card Thieves

Police officers in Murfreesboro, Tennessee were undergoing a fairly common investigation as they followed the scent of marijuana coming from a Select Inn motel room. But what they found in the motel room was a little bit more than they … Continue reading

Consumers Can Mask Credit Card Numbers with New App

A new app on the market known as Do Not Track Me allows cardholders to mask their credit card numbers when paying at the checkout counter. Doing so may effectively limit identity theft by blocking important information about an account. The … Continue reading

Credit Card Thief Tries to Eat the Evidence

A hotel receptionist in Manchester, England was recently convicted of selling his customers' credit card information after a police officer found him trying to eat the evidence. The officer noticed the man and thought he was trying to swallow drugs. … Continue reading

Identity Fraud Continues to Skyrocket

Identity theft is happening all the time--literally. A new report by Javelin Strategy & Research shows that there was a new identity fraud victim nearly every two seconds in 2013. Last year, there were an estimated 13.1 million victims of identity … Continue reading

LowCards.com Weekly Credit Card Update–February 7, 2014

Hotel Company Investigates Data Breach, Card Fraud White Lodging Services, a hospitality company that manages 168 hotels in 21 states--under franchises from Hilton, Marriott, Sheraton, and Westin—is investigating reports that it suffered a data breach that lasted from March 2013 … Continue reading

Change Your PIN after Data Breach

The PIN on your debit card is your personal identification number. It is essentially a password to your account that only you should know. If you feel the personal information on your debit card account has been stolen or compromised, … Continue reading

Top 10 Signs of Identity Theft

Recent security breaches at Target, Skype and Snapchat show that identity theft has become a major problem in our society. Unfortunately, personal information, email, credit cards and bank accounts are not as private and protected as we think. It is … Continue reading

Wichcraft Sandwich Shop Finally Reveals Credit Card Hack

The sandwich shop "wichcraft" announced last week that a credit card breach occurred in its stores during the August to October time period--and no one knew anything about it. Wichcraft has several locations throughout the country, but the ones that were … Continue reading

Datacard Group Brings Chip and PIN to America

Chip and PIN technology is used to provide credit card security in European countries. It is one of the main reasons identity theft is much lower than it is in America where the magnetic strip is used on credit cards. … Continue reading

Green Dot Prepaid Card Scams on the Rise

Green Dot prepaid cards have become a new target for scammers, who are tricking customers into sharing information about these cards on the phone or online. Green Dot MoneyPak cardholders are issued a PIN just like normal debit cards, and … Continue reading

LowCards.com Weekly Credit Card Update–January 3, 2014

Six Credit Card Trends to Watch in 2014 During and immediately after the financial crisis, credit card issuers tightened up lending standards and lowered credit limits to protect themselves. "They had given credit to too many people and approved people … Continue reading

How Banks Are Responding to Massive Target Breach

The security breach that took place in Target stores during the peak holiday shopping season hurt more than the giant retailer. It created substantial headaches for the banks and issuers behind the 40 million accounts with additional costs of fraud … Continue reading

Top 10 Credit Card Stories of 2013

Identity theft and actions by the Consumer Financial Protection Bureau dominated the credit card headlines in 2013. Below are the Top 10 news stories of the year in the credit card industry. One of the largest data breaches in history … Continue reading

Are Credit Cards Safer than Debit Cards?

With the new year approaching, some consumers make a resolution to cut up their credit cards and use only their debit cards. While doing this will enable you to just spend the money you have, you need to consider the … Continue reading

LowCards.com Weekly Credit Card Update–December 27, 2013

American Express To Pay $75 Million Over Credit Card Practices The Consumer Financial Protection Bureau has ordered American Express to pay more than $75 million to settle claims that it charged improper fees and misled its credit card customers over … Continue reading

LowCards.com Weekly Credit Card Update–December 20, 2013

Target Says 40 Million Credit, Debit Cards May Have Been Compromised in Security Breach Target said Thursday that credit and debit card account information for 40 million of its customers may have been stolen during the height of the holiday … Continue reading

40 Million Card Accounts Affected by Security Breach at Target

A new data breach at almost all Target stores across the country could be one of the largest data breaches in history. The breach may have affected as many as 40 million people who used their credit or debit cards … Continue reading

Data Breach May Affect 465,000 Chase Cardholders

A recent hack of JPMorgan Chase's computer services may have exposed personal information for individuals who received their tax refunds, child support and unemployment benefits on prepaid cash cards this year. Chase oversees the debit card program for several New England … Continue reading

LowCards.com Weekly Credit Card Update–December 6, 2013

Why You Should Use A Masked Credit Card To Shop Online Whenever you buy something with a credit card online, you also have to provide your name, number and address, information seen by the processing banks as well as the … Continue reading

LowCards.com Weekly Credit Card Update–November 1, 2013

Slithering Theater Thief Gets 16 Years in Connecticut A Philadelphia man who authorities say crawled along movie theater floors to steal credit cards from women's purses has been sentenced in federal court in Connecticut to 16 years in prison. Prosecutors … Continue reading

Thieves Steal Credit Card from Car at Church to Buy $1,100 Puppy

Two credit card thieves in Montgomery, Alabama were filmed stealing an elderly woman's credit card from a car in a church parking lot and then using it to buy an $1,100 puppy from a local pet store. In addition to the expensive … Continue reading

Consumers Still Not Protecting Their Identity

Experian's ProtectMyID released a study last week in honor of national identity theft protection week. It showed that consumers are still vulnerable to ID theft both online and offline, and most of them are not doing enough to protect themselves. … Continue reading

Phantom Banks Operate Credit Card Scam out of Mailboxes

Two ghost banks in Ft. Lauderdale, Florida have been operating credit card scams using mailboxes located at a local storage facility. The banks, working under the names of AmTrade International Bank and Freedom 1st National Bank, have sent out numerous letters … Continue reading

Avoid Getting “Tricked” for Your Money on Halloween

It's trick-or-treat time, and the Consumer Financial Protection Bureau is using Halloween to warn consumers about the tricks scammers use to steal their money. The CFPB reports that 25.6 million adults, or 10.8 percent of the U.S. adult population, were victims of financial fraud in … Continue reading