by Bob Sullivan, Credit.com.
With all the stories of major retailers losing millions of credit card account numbers, you are probably scouring your monthly bills looking for fraudulent charges like a $700 plane ticket or $600 television you didn’t buy. That might be a big mistake.
One common way credit card hackers commit fraud, and get away with it, is to avoid getting greedy. Through the years, they’ve found it’s much easier to steal a little money from a lot people, rather than a lot of money from a few people. For example: It’s much easier to sneak a $10 charge on 10,000 cards than a $10,000 charge onto 10 cards, but the haul is the same.
Big-ticket charges for electronics or airfare stick out like a sore thumb on a credit card bill. Busy consumers are much less likely to spot a small charge, or they might even decide a tiny fraud isn’t worth the phone call to get it removed and to face the hassle of getting a new card.
Read more at http://www.moneytalksnews.