Fraud
| Doc ID: | GL124 | |
| Version: | 1.0 | |
| Status: | Published | |
| Published date: | 01/06/2011 |
Definition
The malicious practice by untrustworthy and dishonest persons to use stolen personal information, credit card information, and/or compromised bank account information for personal gain; not limited to the purchase of merchandise, the submission of fraudulent transactions, or the abuse of a merchant's purchase policies or e-commerce Web site to check the validity of stolen payment information.
