Another more brazen type of credit card identity theft involves what is known as “account takeover.” Under this method, the criminal gathers pertinent documents and information about a victim in order to call their credit card company requesting a change of address (one controlled by the criminal.) Following the address change, the criminal proceeds to impersonate the victim by submitting “proof” of identity to the credit card company and requesting that a replacement card be sent to the new address. Although some card issuers attempt to thwart account takeover by requiring card holders to submit photocopies of the card in question and its monthly statements, not all of them do, and this remains an extremely problematic form of credit card fraud.
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