Credit Card Fraud Phishing – What Is Phishing

Can Credit Card Fraud Phishing Affect You?

Today credit card fraud phishing has become extremely profitable for many criminals around the world who are able to use the Internet effectively. Yet currently no one is able to provide us with a definitive figure of just how much credit card fraud is costing people globally each year.

In fact in the US alone in 2005, the FBI believes that the majority of all financial fraud which took place which cost a total of $315 billion (US Dollars) was made up of credit card fraud. While in Europe in 2006 over 22 million adults were victims of this particular kind of financial fraud. In France alone they estimated that people had loss more than 236 million Euros ($319 million) through credit card frauds.

What many criminals are doing when it comes to phishing is that they are now targeting the customers of the banks and credit card companies rather than the company directly. It is through the use of emails and instant messaging that these people will try to obtain personal information with regard to your credit card accounts. Certainly phishing is the biggest problem for many credit card companies today and is likely to be a problem for them in the future.

According to Phishtank which is an anti phishing network, they have discovered that in recent months more than 77,000 phishes have been sent out to people around the world. Of these 19% where found to have originated in the US, 15% originated in France and further 14% originated in Turkey and 10% of all phishes sent out originated in South Korea. So as you can see this has now become a world wide problem and criminals all around the world are now using the Internet as a way to fraudulently obtain people’s personal information and then money.

However when it comes to credit card fraud phishing, even if you do have a credit card, yet are not using it online, it does not mean that you are safe. It is important to remember that nearly all the world’s information systems are in some way connected to the Internet. This actually means that your personal information and details are actually available to others online and it does not matter whether you use the Internet or not.

But if you really want to prevent yourself from becoming another victim of credit card fraud phishing then you should be aware of every email or instant message you are sent. Certainly some of these emails you receive may look legitimate, but in fact the senders are not.

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