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| Credit Card Fraud And What To Look Out For |
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| Written by Joseph Archibald |
| Friday, 20 November 2009 10:52 |
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A fairly straightforward and simple way for a thief who has knowledge of credit card fraud to "make a living" is by stealing credit card numbers, at least for a short period. Now, you may be thinking you are very safe but lets look at some facts. It can be argued that now it is safer to use your credit card on the internet via a secure order form (SSL) than it is to use it in a restaurant, which most people would choose not to believe. This is called "skimming". So, lets say you have your meal and hand over your card to the waiter for payment. They then take the card and within a minute its back in your possession. So how can we be the victim of offline credit card fraud? Nothing new here - its called "skimming". What is skimming? Its where, for example, you give your card to a waiter or waitress in a cafe or coffee shop to make payment. Shortly they return your card to you and you think nothing more of it. What has happened though is that the card has been "swiped" for payment, not once but twice. So your card details are now being stored in a magnetic card reader which can then be downloaded to a computer for use. To prevent this from happening on your account - or rather not to prevent, but to be aware - is to check up your statements very regularly. Not only to check them but go through them very carefully too. Thieves often make very small transactions to try to fool us into thinking nothing about them, so its sensible to query even small transactions on your statement. Due to the increase of credit card fraud over the past number of years, banks have in place higher security measures and also better compensation plans for those unfortunate enough to have experienced it. Nevertheless, here are a few tips to keep in mind when using your credit card: - keep very safe all credit card statements and shred anything that you do not wish to keep that has your details on. Do not put anything in the bucket without shredding it first - if you are ever asked to provide credit card account details over the phone you have to ask why. Its possible this could be fraudulent activity to be very sure before you divulge anything at all - do not lend you credit cards to anyone unless you trust them implicity - its wise to carry only the card or cards that you really need and any other cards you have, leave them in a safe place at home or in the office - if you use your card at a store, restaurant, shop or similar, do not leave the credit slip lying around or do not just simply put in the bucket - keep your card receipts and check them regularly against your statements - if you are relocating, do let your card companies know about this well in advance Simple ways to keep your credit card safe and your money secure, so its just a matter of being aware and remembering just how easy it is to be a victim of credit card fraud. About the Author: Click the link for further details of low interest and 0% interest credit cards. Or if you need credit card help, you can find this too. Kindly provided by LJ-Marketing.dk You are welcome to use this article on your own website, if you include the link just before this text. |
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