How credit card users are at risk?
- Identity theft can occur when a criminal gains access to personal information such as your identification number, name, address and date of birth and uses that information to open an account in your name or steals financial information such as your credit card, debit card or bank account information and uses it to make fraudulent transactions.
- If a thief opens a credit card in your name, the credit card company will sometimes notice the problem before you do, close the account and notify you by e-mail. Other times, you may not notice the fraud until you are declined for a loan because your credit score has dropped due to a large, unpaid, fraudulent balance.
- If someone steals your card itself or even just your card data, fraudulent charges could show up on your account.
How your credit card data can get stolen?
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Hacking:
Thieves can steal your information by breaching a company where you’ve used your credit card or a company that handles some aspect of credit card processing.
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Skimming:
A card skimmer is a small device that captures your credit card information in another otherwise legitimate transaction. Thieves secretly place credit card skimmers over the credit card swipe machine to capture the information.
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Installing malware or viruses on your computer, tablet or smartphone:
Hackers can design software that’s downloaded in e-mail attachments or other software and sits on your computer undetected.
How to protect from credit card frauds?
- Review your statement at least once a month to make sure you recognize every charge.
- Keeping a regular eye on your credit reports and credit scores is a good way to spot fraud before it has a major impact on your life.
- Notify your credit card company as soon as you notice the fraudulent charges.
- Invest in best credit protection program. A good credit protection program reduces the risk to a large extend. Consider Cyberior Digital Identity Protection now.