In 2008 credit card fraud set a new record in the USA when it was announced that about a dozen members of a credit card fraud ring had been indicted on identity theft charges. The group had stolen millions of card numbers and other confidential information in what law enforcement spokespersons described as the biggest and most sophisticated credit card fraud and identity theft case in United States history. Despite the fact that the credit card fraud network only netted about 10 or 12 people, it

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Credit Card Fraud: A major growth industry worldwide

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