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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. If you suspect that you are seeing signs of credit card fraud then you need to do your homework. Discover more now on credit card fraud detection as discussed herein.

You find that there are several types of credit card fraud from simple to extremely sophisticated. Truth be told, you will never protect yourself from credit card fraud but you can lessen your 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. Besides, we also have account takeover where an existing credit card account can be hijacked to make purchases or get cash. Where you use someone’s information to open a new credit card account that is being referred to as application fraud.

One of the things that we are going to discuss is email scams. You find that sometimes credit card thieves target email accounts. In this case, they will send you a link that when you click, it will install a software on your computer that gains access to your login information and passwords as this will allow them 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.

Apart from that, you should also be careful with 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. This is something that you can visually check before you use 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. Besides, you should also use ATM at your own bank because they are more likely to be monitored.

Besides, you should also look at phone phishing. Phone phishing involves a scammer calling and try to trick people into giving them credit card information of which you need to verify the caller before you become a victim.
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