Top Articles

Personal identity theft is a huge runaway business made even easier with advances in computer technology. So far as credit cards are concerned, personal

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

identity theft is now costing card issuer billions of dollars a year. To try and recoup some of these losses, card providers and now telling their custom

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ers that if they were in any way at fault in the theft of their identity, they could be comparable and liable for at least part of these losses. So, what

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

exactly is credit card identity theft and how can you minimize it happening to you?

Credit card identity theft

In short, credit card identity theft is

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

when someone else manages to get access to your account. This can be done in one of three ways:

* firstly, and most obviously, they steal your actual c

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

rd and use this card before you have had a chance to inform the provider.

* second, the copy the details from your card and use the details to either ma

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ke a new card to purchase items in shops or purchase items on the Internet. As you don’t believe that the card has been stolen, you are not aware that th

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

e card is being used illegally and it may not be till your card is denied that you notice something is wrong

* lastly, they neither steal the card, nor

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

the details of your card but steal your Personal Identification Number (PIN) and then use that get access to large sums of cash. This rather clever metho

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

d is used by way of copying your PIN details when you use an ATM to withdraw cash on your credit card. Again, as you are unaware that anything has happen

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

d, it takes sometime for the illicit use to come to your attention.

How to protect your identity

Basically, the only 100% way to protect your identity

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

is to only use your credit card with people you know and trust. Unfortunately, that is not a realistic solution. Some of the following safety precautions

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

, however, should be adopted:

* when you use you credit card in a shop, never agree to let the card go out of your sight; for example, if the attendant

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

tells you they have to make a phone call in he backroom, tell then you are going with them

* if the shop you use your card in uses the old carbon-copy p

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

aper system, never allow the shop to retain the carbon-copy. Take it with you and destroy it at a later date

* never use your credit card on an unsecure

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

website. At best the website should have an encrypted safety system, without which you should give serious thought to whether you should be using the se

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

rvices of another site

* never use your credit card to withdraw money in an ATM you have not used previously. If you really need to withdraw money on yo

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ur credit card, do so at the counter using the teller and not the ATM

If you adopt these minimal safety precautions you should be on your way to protect

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ing your identity – and be less liable for any identity theft. One final consideration, given the choice between the Internet and shop, where would you t

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

hink most identity theft occurs? If you choose the Internet you could be (currently) wrong – so be careful using your credit card in shops you don’t know

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.toparticles.org.ua/article/129962/toparticles-The-Rise-Of-Credit-Card-Identity-Theft.html">The Rise Of Credit Card Identity Theft</a>

BB link (for phorums):
[url=http://www.toparticles.org.ua/article/129962/toparticles-The-Rise-Of-Credit-Card-Identity-Theft.html]The Rise Of Credit Card Identity Theft[/url]

Who better to rally the troops to promote a new product or service, a new company vision or purpose than the marketing department? The fact is, most companies do not have an internal communication plan. Those companies are missing a prime opportunity to execute a cohesive plan to promote to this group and turn them into a force of ambassadors.

The struggle for customer share is as intense as ever, and companies need to shore up their corporate message in anyway they can. Corporate weblogs, or “blogs”, are a great, cost-effective way to engage customers, fellow professionals, or merely the curious. This opportunity to reach thousands of interested people requires no hefty advertising budget, yet can significantly strengthen your client-customer relationship.

Are you keeping up with everything for your CPA regarding your work at home business? It’s better to be safe than sorry. While on vacation, what you can deduct. Do you employ your kids? Bottom line is, keep good records.

Tags

Links

Top Articles - The Rise Of Credit Card Identity Theft

Related Articles: