More specifically, do you see any unintended consequences of these types of policies/procedures?

For the purposes of this Week # 10 Discussion Post and Responses, please research credit card fraud and it’s impact on card holders and associated victims.

Many agencies handled credit card frauds in a manner which puts the responsibility on the banks and/or credit card companies. To clarify, if my wife reports that somebody fraudulently used her credit card to make a purchase, some agencies feel she is not actually out anything (monetarily). Rather, since the banks/credit card companies reimburse her for the loss, the banks and credit card companies are actually the victims of this crime.

As a result, some agencies require the banks and credit card companies to report the crime and request an investigation. Typically, since most losses from these fraudulent card activities are under an amount these companies care about, they are unlikely to report these incidents.

What I would like you to discuss for this week’s post is the consequences of these actions and policies.

1. More specifically, do you see any unintended consequences of these types of policies/procedures?

2. Do you believe these types of procedures/policies are serving our local citizens/victims?

3. If you were running the department, how would you handle credit card frauds?

Last Completed Projects