You Can Avoid Credit Card Fraud
Credit card fraud continues to plague America with little evidence that this
problem will quickly go away. Instead, consumers should expect that credit card
fraud will continue to increase, perhaps even threatening their own
accounts.
Are you a victim of credit card fraud? What can you do to avoid credit card
fraud? Answers to these questions will follow along with some helpful tips to
assist you in avoiding credit card fraud.
You open up your mailbox, sort through the bills, and come across the latest
credit card statement from VISA. You open it up and a quick scan shows nothing
unusual, but you decide then and there to set the bill aside.
When a quieter moment arrives you scan the invoice to determine if it is
correct as you remember during the past month that you had a lot of credit
activity including a trip to the beach and several purchases for school
supplies. Later, when you investigate your bill closely, you find a charge for
$10.87 credited to a company in Moscow, Russia.
Quickly, you realize that your credit card number was swiped by someone
outside of the country and you notify VISA who in turns shuts your account down
and issues you a new card and number.
The story is true and it has happened to thousands of card holders across
North America who were charged small amounts on their cards by a Russian group.
More than 71% of the cardholders failed to detect the scam, but thanks to an
alert group of folks within the VISA network, the scam was uncovered and the
cardholders reimbursed.
To avoid credit card fraud you can take the following steps:
Never share your credit card number with anyone other than a recognized
merchant. If you purchase online, only use a secured site to complete your
transaction. Also, don't let websites store your card number.
Shred all of your important documents that have your credit card number on
them.
Never give out your social security number to third parties.
Watch out for phishing scams where fake credit card providers send to you a
warning letter inviting you to click on their site to share private information
with them.
Although credit card fraud is a problem, the biggest trouble is through
unshredded documents that are picked out of the garbage. So, remember to keep
your paperwork in a safe place until unneeded, then shred it!
problem will quickly go away. Instead, consumers should expect that credit card
fraud will continue to increase, perhaps even threatening their own
accounts.
Are you a victim of credit card fraud? What can you do to avoid credit card
fraud? Answers to these questions will follow along with some helpful tips to
assist you in avoiding credit card fraud.
You open up your mailbox, sort through the bills, and come across the latest
credit card statement from VISA. You open it up and a quick scan shows nothing
unusual, but you decide then and there to set the bill aside.
When a quieter moment arrives you scan the invoice to determine if it is
correct as you remember during the past month that you had a lot of credit
activity including a trip to the beach and several purchases for school
supplies. Later, when you investigate your bill closely, you find a charge for
$10.87 credited to a company in Moscow, Russia.
Quickly, you realize that your credit card number was swiped by someone
outside of the country and you notify VISA who in turns shuts your account down
and issues you a new card and number.
The story is true and it has happened to thousands of card holders across
North America who were charged small amounts on their cards by a Russian group.
More than 71% of the cardholders failed to detect the scam, but thanks to an
alert group of folks within the VISA network, the scam was uncovered and the
cardholders reimbursed.
To avoid credit card fraud you can take the following steps:
Never share your credit card number with anyone other than a recognized
merchant. If you purchase online, only use a secured site to complete your
transaction. Also, don't let websites store your card number.
Shred all of your important documents that have your credit card number on
them.
Never give out your social security number to third parties.
Watch out for phishing scams where fake credit card providers send to you a
warning letter inviting you to click on their site to share private information
with them.
Although credit card fraud is a problem, the biggest trouble is through
unshredded documents that are picked out of the garbage. So, remember to keep
your paperwork in a safe place until unneeded, then shred it!