Credit card fraud: In the digital age, where the credit card has made life easier, this facility is now becoming an opportunity for cyber criminals. Credit cards have become common for works like online shopping, bill payment and travel booking, but a little carelessness can cause heavy losses. Scammers are looking for every opportunity where they can steal your card details and clean the money from the account. Between the growing cyber fraud, it is important that the credit card users be cautious and understand the methods that make it cheated. Let us know which scams can target you and how they can be avoided.
Skimming:-
Scammers often steal the card information by putting secret card readers in places like ATMs, restaurants or petrol pumps. When you pay, your card details reach them without knowing.
Fishing:-
This method is very common where cyber criminals send emails, calls or messages by becoming bank officials or government agency and ask you information to cards. Once you did not give information that your money has been flown.
Data Leak:-
Many times servers of big companies are hacked, due to which sensitive information of millions of users like card number, CVV and expiry date reaches the wrong hands.
CNP Fraud (Card Not Present Fraud):-
This happens when the scammer gets all the card information and can do online shopping or transaction without physical card.
Keep the card details secret, never share your card number, PIN, OTP or CVV with anyone, whether the front is telling themselves as a bank officer.
If the link comes in the name of payment or offer from an unknown number, do not click on it. These links can steal all your information.
Keep different cards for autopements (such as electricity, mobile bills) and shopping etc. Due to this, even if one is framed with a card, the other will be safe.
Avoid online transactions while using public Wi-Fi in places like cafes, malls, airports. If you have to do it, then use VPN.
Credit card is a very useful tool, but security with it is very important. A little awareness and technical understanding can save you from scammers. Be cautious, be safe.
