FAQ: Demystifying ID Fraud

Every time I use my credit card online I suffer a momentary feeling of angst, even though I know that it's still safer than handing my card over to an unscrupulous waiter. The impersonal nature of the Internet and the perception that I lose control of my data after I hit "submit" contributes to this lack of sense of security.

(cnet) Also contributing to this paranoid feeling are all the reports of phishing scams, including IRS and tax-related scams; data breaches at retailers like TJX, where more than 45 million accounts were exposed; and payment processors like RBS WorldPay, where stolen data led to cloned cards and ATM withdrawals last year.

This all got me to wondering exactly how the data gets from my credit card or keyboard ends up as money in the pockets of criminals. ...Go to source