Prevent Credit Card Fraud

The incidents of online credit card fraud rose day by day and cyber security experts are urging the customers to take simple measures to protect their money. The rising popularity of online shopping and on line transactions more and more people are availing these services without thinking much of security and the cyber criminals are targeting such no wise users.

Fraudsters acquire credit card details, make a small purchase to ensure the card will work and then start making much bigger purchases until the scam is uncovered and the card is cancelled.

Follow some simple security measures will protect you from such fraud.

• Look for “https” not “http” when online: If you’re using your credit card details online, look for “https://” at the beginning of the website address instead of the previously prevalent “http://”.
• Review your statements. Go through your statements carefully, and if you spot a suspicious transaction, report it immediately.
• Don’t provide details via email or via phone. Never provide your credit card or bank account details via email or phone. No bank will ask you the details of your credit card and no reputable seller deals this way.
• Check your credit. Obtain a credit report to verify that your details have not been used to open any fraudulent accounts.
• Never allow your card to swipe in a swiping machine kept away from your vicinity in a POS. Ask the person to swipe it in front of you. Fraudsters use skimmers to clone your card.
• Never disclose your PIN to anybody even to your near and dear.
• Do not allow anybody to use your smart phone. They can install a spy app in your smart phone and obtain all the details from your phone including OTPs.