window._mfq = window._mfq || []; (function() { var mf = document.createElement("script"); mf.type = "text/javascript"; mf.async = true; mf.src = "//"; document.getElementsByTagName("head")[0].appendChild(mf); })();
407-478-6600    Get SUPPORT

TaylorWorks 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...


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Tuesday, November 13 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Tag Cloud

Tip of the Week Security Technology Network Security Cloud Best Practices Privacy Managed IT Services Business Computing Hackers Data Backup Malware Email Data Data Recovery Hosted Solutions VoIP Outsourced IT Mobile Devices Tech Term Google Innovation Backup Hardware Internet Microsoft Software Internet of Things Cloud Computing Saving Money Business Continuity Ransomware User Tips BDR Communications IT Services Communication Android Small Business IT Support Smartphones Business Efficiency Cybersecurity Managed IT Services Workplace Tips Browser Chrome Network Productivity Disaster Recovery Artificial Intelligence Applications Cybercrime Law Enforcement Business Management Managed IT Windows 10 Gadgets How To Router Computer Avoiding Downtime Data Security Save Money Computers Phishing Virtualization Data Protection Smartphone Server Money Information BYOD Mobile Device Management IT Support Business Intelligence Collaboration Windows Two-factor Authentication Passwords Firewall Apps App Remote Monitoring Facebook IT Management Productivity Redundancy Vulnerability Training Blockchain Office 365 Analysis Miscellaneous Telephone Systems Upgrade Alert Identity Theft Social Media Word Mobility Spam Document Management Servers Social Engineering Proactive IT Connectivity Compliance Bandwidth File Sharing CES Fraud Sports Data loss Employer-Employee Relationship Encryption Machine Learning Unified Threat Management Mobile Computing Telephone System Networking Workers Scam Content Management Microsoft Office Flexibility Budget Solid State Drive Password Settings Information Technology IT Plan Voice over Internet Protocol Access Control Big Data Private Cloud OneNote Paperless Office Smart Tech Website Windows 7 Comparison Unsupported Software Business Owner Data Breach Data Storage Education Bring Your Own Device Holiday VPN Spam Blocking Infrastructure Managed Service Keyboard Automation Update Credit Cards Mobile Device Wi-Fi Value Operating System Work/Life Balance Virtual Assistant Technology Tips GDPR Data Warehousing WiFi Hosted Computing Patch Management Augmented Reality FENG Flash Risk Management Leadership Travel Enterprise Content Management Wireless Technology HaaS Windows 10s Tip of the week Business Mangement Workforce Remote Monitoring and Maintenance Mobile Warranty Netflix Unified Communications Devices Google Drive Marketing Hacker E-Commerce Google Docs Inventory Virtual Reality The Internet of Things Amazon Smart Office Line of Business Screen Mirroring IoT Password Management Black Market Content Filtering Search Engine SaaS Windows Server 2008 Gmail Telecommuting Addiction Current Events Professional Services Strategy YouTube Instant Messaging Printer Cleaning HBO Theft Thought Leadership Hacking Hard Drives HIPAA Camera Worker Commute Sync Amazon Web Services MSP webinar Cast Software as a Service NIST Battery Computing Infrastructure Bing Audit Recycling Remote Work Cache Legal Entertainment Users Knowledge Tools USB Mouse Computer Care Outlook Google Apps Streaming Media Remote Computing Emails Multi-Factor Security Authentication Public Cloud Telephony Human Resources Online Shopping Students Remote Worker Conferencing Government Insurance Cryptocurrency Regulations eWaste Wireless Internet Cortana Network Congestion Root Cause Analysis Recovery Wireless Administrator Samsung Frequently Asked Questions Specifications Content Filter Data Management Evernote Healthcare Virtual Private Network Charger Software Tips Fiber-Optic Trending Nanotechnology Managed Service Provider Windows 10 Business Technology Downtime Skype Staff Wiring Practices Safe Mode End of Support Computer Fan Criminal Wire Electronic Medical Records IT Consultant Meetings Botnet Accountants HVAC Microchip Excel Password Manager Millennials Storage Proactive Start Menu Digital Signature Wireless Charging Electronic Health Records Health Office Tips Project Management Physical Security Cables Lifestyle Save Time PDF Quick Tips Worker Fun Internet exploMicrosoft Public Computer 5G Utility Computing Loyalty Twitter Content Tech Support Music Files Safety IBM Office Rootkit Advertising Politics Employer Employee Relationship Colocation Audiobook Wearable Technology Competition History Customer Relationship Management Regulation Relocation IP Address Transportation Search Video Games Computer Accessories Books Two Factor Authentication Company Culture How to Techology Automobile Customer Service Humor Mobile Office Printers Vendor Management Benefits CrashOverride Bluetooth Domains Internet Exlporer Help Desk Assessment Best Practice Managing Stress Troubleshooting User Error Scalability Webinar Smart Technology Hybrid Cloud Emergency Public Speaking Television Shadow IT Hosted Solution Presentation Hiring/Firing Experience Lithium-ion battery IT solutions

Mobile? Grab this Article!

QR-Code dieser Seite