The advent of technology, in the form of credit cards, brought convenience and made our lives easier, but along with it came Pandora's Box. While credit cards have made life easy for us, they have also managed to make life easy for scammers. While it has allowed us to buy the things we like while sitting on our couch, it has also made it easy for scammers to gobble up money that isn't really theirs. In this article, I would be:i. Problem Statementii. Introduce the topic of credit card fraudiii. Let's talk about different types of credit card fraud. Current issues related to this fraudv. Tools used for credit card fraud. Future effects of this fraudvii. Credit card fraud detectionviii. Credit card fraud lawsuit. Measures to prevent such fraudx. ConclusionPROBLEM STATEMENTHave you ever forgotten to get a copy of your credit card receipt the last time you visited a restaurant and paid your bill with a credit card? Did you know that many of these receipts have your credit card number printed right there for anyone to see (and use)? And, if you signed the receipt, your signature can be copied by anyone. This can lead to the most critical form of identity theft. With this useful information, some unscrupulous people can easily start their Christmas or New Year shopping by phone or on the Internet using your credit card number. You wouldn't know about this theft until you receive your monthly statement, and if you're someone who would be less bothered by your statement, you'd end up paying more money for something they never used or purchased. Credit card fraud is viral and an increasingly popular means of stealing money from credit card companies and consumers... middle of paper......t Punishment for Card Fraud? WiseGreek. http://www.wisegeek.com /what-are-the-different-types-of-credit-card-fraud-punishment.htm (accessed May 3, 2014).V. “Credit Card Fraud” http ://en.wikipedia.org/wiki/Credit_card_fraud (accessed May 3, 2014).VI. Estep, Jamie. “Credit Card Skimming: Too Easy to Get Merchant Account Information.” -blog/149/credit-card-skimming-and-places-that-sell-skimming-devices (accessed May 3, 2014).VII. “$23,148,855,308,184,500 Credit Card Forum.” com/blog/the-23148855308184500-credit-card-bill/ (accessed May 3, 2014).VIII Martin, Allison. “Credit Card Fraud Laws and Punishments.” creditcards.lovetoknow.com/Credit_Card_Fraud_Punishment May 2019) 3, 2014).