How You Can Detect Credit Card Fraud
All the time you hear about credit card fraud and this is the most common way 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. 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.
One thing that you need to know is that we have several types of credit card fraud 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. One thing that you should know is that credit card fraud is a case where you use someone’s credit card 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. Apart from that, there is also application fraud where you use someone’s information to open a new credit card account.
One of the things that we are going to discuss is email scams. 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. 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.
The next thing to look at is skimmers. You find that in this case, the credit card thieves will put skimmers in the card readers at the gas pump. This is a device that is installed on ATMs, check out terminals, gas pumps or handheld card readers so that it can still credit and debit card information. You can detect this by visually looking for it before using your credit or debit card. In case you are suspecting something, you should use your debit card instead of a credit card so that the thieves do not clear your account. Apart from that, you should also use ATM at your own bank so that they are likely to be monitored.
Lastly, we have phone phishing. In this case, the scammers make phone calls and try to trick people into giving them credit card information of which should not give your information.