How You Can Detect Credit Card Fraud
It is essential to note that credit card fraud is one of the most common ways thieves can steal your identity and many cases have been reported on this. This is something you need to protect yourself from because it will ruin your credit and any chances of getting a loan or credit. For that matter, it will be vital that you do your homework if you are seeing signs of credit card fraud. Here are some of the tips that will help you learn more info about credit card fraud detection.
It is essential to note that we have many types of credit card fraud types from simple to extremely sophisticated cases. Truth be told, you will never protect yourself from credit card fraud but you can lessen your chances of becoming a victim of credit card fraud. It is essential to note that credit card fraud is a situation where you use someone’s credit card information for unauthorized purchases or cash advance. There is also an account takeover where an existing credit card account can be hijacked to make a purchase or get cash. Besides, we also have application fraud where you will use someone’s to open a new credit card account.
One of the things that we are going to discuss is email scams. You find that sometimes credit card thieves target emails. Where they will send you a link that when clicked installs software on your computer that gains access to your login information and passwords and this is what they will use to access your financial accounts. You can protect yourself by not emailing anyone your personal information, do not click on any unverified link, install antivirus programs and keep them updated and never click a pop-up that claims your computer has been infected with a virus.
Not only that but we also have skimmers. This is something that you hear even in the news as thieves put skimmers on card readers at the gas pump. It is essential to note that a skimmer is a device that is installed on ATMs, check out terminals, gas pumps or handheld card readers for the purposes of stealing credit and debit card information. You can detect this by visually looking for it before using your credit or debit card. Apart from that, when you are suspicious, it is better than you use your debit card instead of the credit card so that the thieves do not clear your bank account. It is also better to use ATM at your own bank because they are likely to be monitored.
Lastly, we have phone phishing. This is a situation where scammer makes calls and try to trick people into giving them credit card information.