Credit card theft is major concern among credit card owners. The Internet is the brooding place for the cyber criminals, who lurk in the shadows for an opportunity to steal the credit card information of hapless victims. Here we will discuss about types of credit card theft and explain how you can keep yourself sage from this growing threat.
Types of credit card theft
The internet is the playground for the credit card scammers from all over the world. There are plethoras of online shopping websites that offer goods and services to the customers. A popular way of paying in the online world is through a credit card.
Phishing attacks: if you are a credit card holder, you need to be aware of phishing attacks of all kinds. Sometime you may receive a mail from an anonymous source claiming to be an employee of your bank; this person might ask you to disclose your credit card information. Some of these dubious emails claim to be from well-known companies and they try to trick you into divulging all your sensitive credit card information. Once you provide the privileged information, your credit card will be misused.
Site cloning: some of the more elaborate attacks are aimed at online banking customers. In this type of fraud the banking website of the consumer is replicated and provide with a near identical web address. A customer logging into the fraudulent website might give up his credit card information and end up losing all of his money. Some of the cloned websites might look like online shopping stores offering items at dirt-cheap prices. Once the customer provides their credit card information, they are swindled off their money.
No card fraud: this type of fraud occurs when the cardholder gives sensitive information to the dubious people over the phone. The caller might claim to be an employee of a well-known bank but it is important that you do not disclose any detail about your credit card to anyone.
Identity-theft fraud: this type of fraud occurs when someone applies for a credit card posing as someone else. They make fake documents supporting their claims and get the credit card approved. The criminals use the identity of an innocent person to satisfy their ends. This type of credit card fraud is quite common and only awareness can help prevent the mishap.
How to deal with credit card fraud
1. Use your credit card only at reliable stores and online shops
2. Do not get enticed by emails claiming to give you large sum of money. Don’t believe anything that is too good to be true
3. Do not use ATMs that do not look ok.
4. Do not use ATM s that does not have sealed doors.
5. Never provide your credit card detail to anyone
6. If your credit card gets stolen report it to the police and your bank authorities within one hour to disable it.
7. Be discreet about your credit card information and you will be safe.
Author is expert and savvy forex trader and have dealt with many forex platforms. He has lots of tips to offer for you in forex trading. |