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Some of these violators even use devices that can

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Some of these violators even use devices that can scan a credit card from a distance to obtain information. However, the two most common types of credit card fraud are application fraud and account takeovers. Application fraud occurs when a person opens a credit card account in another person’s name. According to the University of Cornell Law School, “This [ application fraud] may occur if a perpetrator can obtain enough personal information about the victim to completely fill out the credit card application, or is able to create convincing counterfeit documents,” (law.cornell.edu). This type of credit card fraud can be the most costly because by the time a
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Speech 5 Manuscript Jacob Fuqua victim finds out that he/she has been perpetrated, it will be a financial devastation. Account takeovers also involve stealing a person’s information and identity. A takeover occurs when a violator obtains someone’s information, accesses their account, and then switches their billing information and address. This person is now able to sell a victim’s information or keep it for
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Some of these violators even use devices that can scan a...

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