Credit Card fraud is on the rise, As part of our "Internet Safety" tips series, we are suggesting certain steps that can help you avoid being a victim of Credit Card fraud.
The first step to prevent your credit card from being misused is to not let your card fall into the hands of fraudsters. There are many tutorials/how-to's on the internet on credit card fraud that suggest..
"..be on the lookout for houses where the houseowners are on a vacation and have their house locked down but left their mailbox unprotected where the banks will send them their credit card."
This seems to be the most popular method of getting hold of other's credit card. So, take the hint! NEVER leave your mailbox unprotected, take steps to ensure the privacy of your mailbox.
According to this article in BBC..
..A fraudulent card transaction takes place every eight seconds and cloning is the biggest type of credit card fraud.
Cloning (also popularly known as 'skimming') can happen in seconds. So, Whenever using your credit card on malls, resturants and hotels etc., request that the the card is swiped in front of you, Don't let your card out of your sight and pick up all receipts. To pick up more tips, you should also read this article on BBC on How credit cards get cloned
Extra care needs to be taken if you use Credit Card to buy on the Internet. Sure, It's so convenient to use the credit card to buy online, but remember that there are other ways to pay for your purchases for eg. "Cash on delivery" for instance. Use your card on well known and reputed sites, also make sure that the site is using SSL.
You are adviced not to use your card on public cafe's, computers with public access as they could be running malicious programs(called keyloggers) to steal your personal information.
The last tip is to use paypal for online purchases, PayPal is the safer, easier way to pay and get paid online, Pay without revealing your credit card or bank information. Now many people like you, use paypal instead of using credit cards.
