A Quick Guide on Credit Card Fraud Detection
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. Find out more here!
You find that there are several types of credit card fraud from simple to extremely sophisticated. 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. Where you use someone's information to open a new credit card account that is being referred to as application fraud.
Email scams is one thing that will give you a guide on credit card fraud. 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. Therefore, 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. This is something that you hear even in the news as thieves put skimmers on 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. 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. Apart from that, you should also use ATM at your own bank so that they are likely to be monitored. click here
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.