Online fraud has spiked, especially with digital banking and e-payments becoming more common, leaving customers more vulnerable to credit card frauds. Being a victim is not only unnerving but in most cases, costly. Credit card fraudsters have the potential to steal your money as well as your identity. So, here are some pointers to prevent yourself from falling victim to con:
Sniff Out Suspicious Emails
Even if the email looks legitimate, don’t click on any links. Scammers often send emails that look genuine. Instead, it’s best to call or visit the card issuer or go directly to their official website.
Check For Secure Websites
If the website has https:// in the address bar and lock in the lower right corner of your internet browser, the website is secure. Enter your credit card number on secure websites only.
Be Wary Of Social Media
Avoid posting about your personal life, hobbies, pet names, etc. on social media as these might be giving out the answers to the “security questions” that some sites need.
Use Strong Passwords
Change your password every 1-3 months and create a unique, strong one. Moreover, it is better to sign-up for two-step authentication to ensure that you enter a unique access code, in addition to your password, whenever you log in from a new device.
Don’t Save Credit Card Details On Websites
Saving your credit card number or login information on websites exposes it not just to that site, but also to hackers and anyone with access to your device to log in as you and buy whatever they want.
Despite all this, scrutinize your credit card bill carefully and if you notice a payment you didn’t make, no matter how small, report it to your card issuer immediately.
BankBazaar.com is a leading online marketplace in India that helps consumers compare and apply for credit card, personal loan, home loan, car loan, and insurance.