Prevention of Credit Card Fraud Crimes
Prevention of Credit Card Fraud Crimes

Summary/Abstract: The current study analyzes the possible prevention means against credit card fraud. With the development of information technology, there are many convenient ways to use credit cards as a payment method in the cyberspace, but the risks of being victimized by fraudulent conducts have also elevated. The offenders find newer and newer ways to get personal and credit card data from victims in order to cause financial damage. There are legal and non-legal means against credit card fraud. The most important legal means is the statutory provisions of the Criminal Code (Act C of 2012) related to credit card offences. The study aims to give suggestions to improve the regulation of these crimes. Non-legal means may involve the education of clients, increasing security of credit cards and online payment solutions, and monitoring of client payments. With the exploration of prevention means, the numbers of credit card frauds may be reduced in the future.

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