Am I responsible for credit card charges run up by identity thieves?

Am I responsible for credit card charges run up by identity thieves?

Robert Siciliano (Identity Theft Expert and CEO) gives expert video advice on: How do identity thieves steal my credit or debit card information?; Can using an ATM make me vulnerable to identity theft?; How can I prevent identity thieves from stealing and using my credit or debit cards? and more...

In the event that someone compromises either your credit card or your debit card, as long as you refute those charges within a 6 day period of time, you're not going to be fined. However, the problem is, say it's your debit card that they use and those funds are taken out of your account, you could sometimes bounce checks which could be additional problems for you. That's why I always recommend using a credit card over a debit card. As long as you refute those charges within 6 days, they will be taken off of your account. Sometimes you may incur an insurance fee of around $5 from that issuing bank for that potential fraud. Otherwise, now more and more we're seeing zero liability with these cards because identity theft has become such a problem.