With 477 million records breached in 2015 alone, exposure to identity theft and payment card fraud is very much on the mind of many consumers. I’ve been receiving a lot of questions from friends, family, and colleagues over the past few weeks, and I’ve also had to deal with the fallout from criminals getting their hands on my own identity, so it seems like a good time for a blog.
First, it’s important to understand that there is a big difference between a payment card compromise and a compromised identity. Payment card compromises are a nuisance to be sure, but the impact is relatively minor compared to a true identity theft. To protect yourself against unauthorized payment card use, here are some tips: