How to Protect Yourself from Credit Card fraud
One day in Africa in 2008,
How may credit card fraud be committed?
There are a lot of methods to steal money from a credit card.
1. An executor can steal a credit card that is not theirs and shop, swipe and sign with no trouble.
4. The internet is where the bulk of serious credit card fraud happens. Not only can stolen credit card numbers be used to purchase goods online, there are internet scams which use fake web pages that look the same as internet banking log-in pages. These fake sites then record the credit card details that are typed in.
General aims for credit card fraud
Unluckily, credit card fraud can happen to anyone.
Keeping informed about credit card fraud and what to look out for as a warning of unlawful activity is the best defense. Never let your card out of your sight. Don’t let anyone else use the card or give out card information to anyone.
The crippling effect of credit card fraud has forced banks and financial institutions to wisen-up. Credit cards are now being issued with a ‘chip and PIN’ which stores confidential information and cannot be used without a PIN selected by the cardholder. A card protection plan is a reasonable idea. For a small fee every month, a credit card can be protected from card fraud and if the cardholder does experience fraud, the protection plan will cover the repayment costs.
What can you do if you are the target of credit card fraud?
If you find out that money has been spent on your card which you can’t account for, contact your bank at once and ask for assistance. If your card is missing, cancel it with the relevant banking institution immediately. If the transactions on the card can be proved to be fraudulent, normally the bank will repay the money.
Credit card security is a matter of staying alert and informed as well as adopting sensible and secure behavior.