How liable are you for fraudulent credit card charges? Limit losses by being proactive

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Abstract: The theft of millions of customers’ credit and debit card data last holiday season was a wake-up call for consumers who underestimated their vulnerability to credit and debit card fraud. And experts believe massive data breaches are likely to continue happening. Fortunately, federal laws can help limit individuals’ potential liability stemming from unauthorized charges. This article explains those laws but also shows how consumers can help themselves by closely monitoring their accounts. A sidebar notes the even greater danger posed by identity theft.