Encouraging rather than Discouraging
I. Background:
Credit card fraud is a thorough term for both fraud and theft. The fraud and theft of credit cards is also attached to the identity theft. The main drive for credit card fraud is either to gain goods or services without paying or to gain funds from an account that is unauthorized. The most important kind of credit card fraud is the online credit card fraud which is going to be discussed in the research paper. “While buying via the Internet beats fighting the mall crowd, it also carries the risk of identity theft and fraud.” (Simon and Gerson, 2009). Because it is nowadays easier to buy online rather than going to the retail store and facing some difficulties, online shopping is doubling year on year worldwide. However, through the years and in different countries people have faced a lot of frauds because of shopping online which caused people the loss of millions of dollars. The fraud and theft of online credit cards, the use of credit cards have decreases as Karr stated:
According to a survey of more than 2,000 U.S. Internet users conducted in October by comScore Inc., 65 percent of respondents have changed the way they pay for items online because of concerns about the economy, down from 67 percent in the previous year. Of those who indicated they had altered their behavior, 42 percent said they are more likely to use cash, versus 50 percent in the 2008 study, and 40 percent said they are more likely to use a debit card, up from 34 percent. Twenty-three percent said they were more likely to use a credit card, up from 18 percent last year, and 13 percent said they had begun to consolidate spending to fewer credit cards, up from 12 percent. (2009, p.14).
The use online credit card should not be declining as it helps the economy to flourish by facilitating things for people in order to spend more. People should