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We have had corporate credit card identity theft twice since 2003. The latest was in April of this year during a business trip to California.
The bank suspects it was an employee at the rental car place or one of the restaurants we went to. [Note: the car chain is a top national one and the restaurants were of the 4 star variety, so it can and does happen anywhere]
The bank said there is a huge racket in the LA area whereby when they take your card they do a quick scan and sell it to someone for around $100. With this information a group makes a physical duplicate of your card. (There are machines everywhere that have this capability). The card is then resold and used. In our case it was used to buy lumber in South Africa. Go figure... Luckily, our banks fraud unit snagged it immediately so we did not have to pay, but this stuff is very real.
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