Ways to prevent credit card fraud

Ways to prevent credit card fraud

You work hard for your money, so it’s worth securing it. One of the methods to guarantee the security of your funds is the safe handling of credit and bank cards. Here are simple ways to prevent credit card fraud:

Look after your credit card

Look after your credit card

Fortunately, the points of sale of most service providers are secure places to use the card. However, sometimes you get a rotten apple. Remember to always look after your credit card when paying for services.

If you do not see your card when paying, scammers can use it to copy information and the security code from the back. Remember not to sign empty receipts. In places where you can enter a tip, you can draw a line above this section, if you do not want our card to be additionally charged.

Watch out for ATM covers

At ATMs or at payment terminals, fraudsters can mount special covers and even fake readers to copy information from cards. To avoid fraud, check to see if the keyboard or card slot is loose or looking suspicious. Thieves also mount small cameras to record how customers enter their PINs.

If the camera is pointed at the keyboard – be careful. It may be good practice to cover your hand when entering the PIN. Fake readers are more insidious because they cannot be seen with the naked eye.

The more sophisticated devices are installed in the card slots and there are no signs of fraud. To protect yourself, pay at gas stations whenever possible and avoid free-standing ATMs, especially in remote locations.

Consider other payment methods

Consider other payment methods

Every time you get a new credit card, sign it immediately. Thus, your card will not be an “unsaved card” that someone can sign when you lose it or when someone steals it from you.

For the same reason, consider leaving your bank and credit cards at home when you don’t need them. In some cases, NFC payment methods can be more secure than cards. Payment applications such as Apple Pay and Android Pay cannot be “faked” like a physical card.

Track your bank account and card activities

Remember to always pay attention to suspicious fees or transactions that you don’t remember. Some people check their account or card charges from time to time, usually when you need to make a payment.

However, if you check your funds regularly, there is a chance that you will notice something suspicious beforehand. When this happens, you can contact the company that issued your card or their bank and ask what to do. Often, specific numbers are available to call in such cases. Keep these numbers on hand so you can react when problems arise.

Watch out for phishing

Watch out for phishing

Fraudsters will do anything to hit your weak spot. There is no better method than impersonating a trusted source and asking for key information. If you are not waiting for a message from a particular company, be cautious. For example, when someone calls you asking for personal information.

Ask this person for the name, the department they work in and contact number. This is the first step to verify the credibility of your interlocutor. If such a person does not want to provide this information or you cannot reach them, then something is probably wrong.

Either way, asking for credit card numbers by phone or text should always be suspicious of you (unless the request is initiated by you). Banks do not call customers to ask for card numbers or PINs. If they ask for it, it usually happens when the customer calls the bank and the employee has to verify his identity.

Buy sensibly online

The first rule is simple: Buy only on such websites and only from such sellers that you trust. That is, in places where credit card information is rather secure. What’s more, don’t buy on an unsecured website. The address of the secured page begins with “https: //” (and not just “http”) and with a padlock in the browser bar.

The second rule is to protect your computer with anti-virus and anti-malware software. The more a scammer finds out about you, the more he will hurt you. Think before you enter your data (which is not needed) on the Internet and do not click on suspicious links.