Things To Do To Prevent Credit Card Fraud Online

Although compromised credit card details are unlikely to result in financial loss for you, it can be a significant inconvenience, which is why it’s important to take precautions to avoid a credit card scam. Most credit cards have zero-liability policies, and federal law restricts your responsibility to $50 for fraud notified within 60 days. As a result, the bank has a bigger financial stake in the outcome than you.

Finding and claiming a stolen credit card and the time required to receive the new card is a major pain point for consumers. Emotional distress can also be a factor for some. Even though you cannot avoid credit card scams altogether, you can take steps to minimize your exposure and avoid unnecessary headaches. Let’s take a look at some ways you can do that.

1. Avoid Using Public Wi-Fi

The convenience of free public Wi-Fi does not imply that it is safe. Our recommendation? Stay away from it if your internet activities include finance, money transfers, or credit cards in any way. Consider using a virtual private network (VPN) to shield your personal data from prying eyes and avoid the risk of credit card theft if you must conduct business while on the go.

Although the Wi-Fi connection might be password-protected, cybercriminals could easily obtain the password. Do your research before purchasing, as some websites exist specifically to harvest sensitive data and credit card numbers for crooks.

2. Avoid Opening Phishing Emails

Scammers use a variety of methods to acquire your personal information, including phishing scams. Individuals can be tricked into clicking phony links or providing their credit card information to the incorrect people through fraudulent emails or text messages. A whopping 47.3% of all phishing attempts are delivered in spam emails.

You can prevent credit card scams from phishing by ignoring any company emails, messages, and phone calls. Visit their authorized website or contact the company number mentioned there if you’re fascinated by the offering or want to double-check something on your profile. That way, you’ll know you’re speaking to a genuine company representative.

3. Use Online Apps To Make E-Payments

In-store card readers are less likely to steal your credit card details, but there is still a risk that someone could get their hands on your information. Utilize mobile payment apps like Samsung Pay, Apple Pay, or PayPal to strengthen your defense against credit card fraud.

These apps use a tokenization technique, which lets you make purchases without disclosing the specific card details of your credit card. Therefore, your real account number is safe even if your credit card information is compromised.

a bunch of credit cards

If you or someone you know has experienced credit card fraud and wants to report credit card fraud online, then FraudTrac is your go-to option for it. We are an online platform that helps people stay aware of frauds and fraudulent businesses. Our wide range of services includes filing a scam report, an Online fraud tracker, reporting consumer fraud online, and much more. Contact us for more details about it.

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