How You Can Detect Credit Card Fraud

For a long time you have been hearing credit card fraud being one of the most common method thieves can steal your identity. It is essential to know how to protect yourself because it will ruin your credit and any chances of getting a loan or line of credit. Therefore, you need to do your homework of 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. Honestly, you will never be able to totally protect yourself but you can lessen the 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. Apart from that, we also have cases of account takeover where an existing credit account can be hijacked to make purchases. Besides, we also have application fraud where you will use someone’s to open a new credit card account.

Email scams is one thing that will give you a guide on credit card fraud. It is essential to note that sometimes credit card thieves target email accounts. 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. For that matter, never email anyone any 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. You find that in this case, the credit card thieves will put skimmers in the card readers at the gas pump. You find that a skimmer is a device that is installed on the ATMs, check out terminals, gas pumps or handheld card readers for the purposes of stealing credit and debit card information. One way of detecting this us by visually looking for one before using your credit or debit card. Besides, when you are suspicious it is always advisable that you use your debit card instead of a credit card so that the thieves do not clear your account. It is also better to use ATM at your own bank because they are likely to be monitored.

Besides, you should also look at phone phishing. This is a situation where scammer makes calls and try to trick people into giving them credit card information.
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