Re: Credit Card Fraud question
I dont believe thats plausible.
Someone could definitely use his card if he's given the security code from the back, but if he's cancelled the card then he should be just fine.
Several of the major credit card companies offer web based tools or a windows system tray item that allow you to generate one time use "credit card numbers" with an upper limit. Real handy for web purchases and they're very easy to use. Not only does it limit theft of your card number, it limits fraud and other BS where the web vendor tries to charge you more than you agreed to, or tries to charge you for something you didnt want or order.
Citibank and Discover both have 'system tray' software that automatically fills in your info, generates a credit card number on the fly, and actually make the buying process simpler than fishing out your wallet and typing in the number...
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.