Asked by Bryan Velasquez Beltran on Jun 12, 2024
Verified
People are not liable for fraudulent use of their credit cards.
Fraudulent Use
The wrongful or criminal deception intended to result in financial or personal gain by using something in a dishonest way.
Credit Cards
Payment cards issued by financial institutions that allow cardholders to borrow funds with which to pay for goods and services with the promise to repay the loan along with any agreed-upon fees.
- Discuss the legal and ethical implications surrounding information security, particularly in the use of personal data and the liabilities of data breaches.
Verified Answer
KS
Katherine SalibaJun 19, 2024
Final Answer :
True
Explanation :
Credit card holders are typically not held liable for unauthorized or fraudulent charges on their accounts, as most credit card issuers offer zero liability protection. However, it's important for cardholders to report any fraudulent transactions promptly.
Learning Objectives
- Discuss the legal and ethical implications surrounding information security, particularly in the use of personal data and the liabilities of data breaches.