Sponsor Robert Siciliano as he runs the Boston Marathon for Miles for Miracles, Children's Hospital Boston
ROBERT SICILIANO is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds.

FREE EBOOK

Check here if you're human

Sponsors

13 ways Protect your Credit Cards from Fraud

0
Pin It

Here are a number of ways you can protect your credit cards from fraud.

2C1. Keep a sharp eye on your credit card accounts. Read through the purchases for every monthly statement to see if any unfamiliar or odd items show up. Don’t just skip past small purchases; a charge for $9.95 could still be fraudulent. A crook knows you’re less likely to pay attention to small numbers. Consider checking your statements online weekly or even better, download your banks mobile app and check them daily.

2. Immediately contact your bank. By law, credit card companies have to give you 60 days to refute unauthorized charges. And with “zero liability policies”  fraudulent charges are often squashed as long as a year later. However the sooner you contact the bank upon suspecting fraudulent activity, the more likely the credit card issuer will reverse the fraudulent charges. The compromised account should be closed and a new card and account issued and opened, respectively.

3. Credit card monitoring services. These are free or fee based and often included in identity theft protection services and will keep an eye on your credit score as well as inquiries for new credit, and balance charges.

4. Implement activity alerts. Your accounts should have these; the alerts can come via e-mail or text for various card related activity, such as based on amount or frequency. You can text messages for every card present (in person) and card not present (online) transaction.

5. Go virtual. If your bank offers it, use a virtual credit card number online. These are card numbers that change every time you use them.

6. Skimming awareness. Credit card skimming is when a thief sabotages the card reader (such as an ATM’s), allowing him to get your card’s data. Look for signs of tampering like loose parts on the keypad or a camera looking down on the console. Conceal the keypad with your other hand when you enter your PIN. A skimmer can also use a handheld device and skim your card right in his hand. Be very careful whom you give your card to for a purchase.

7. Don’t save. That is, your credit card information with an online merchant. Instead, manually enter it every time you shop. The hassle of this means more security.

8. Financial tracking apps. These are free and can alert the cardholder to odd activity, such as an unusually large purchase. I like Mint by Intuit. BillGuard is great too.

9. Be alert. In addition to unauthorized charges showing on your card’s statement, be on the lookout for strange bank account withdrawals, collection notices for debts you’ve never heard of, being rejected for credit applications, among other red flags.

10. Shop securely on Wi-Fi. Use an encrypting software such as Hotspot Shield VPN. VPN is virtual private network and will prevent snoops and crooks from spying on your online activities.

11. Use reputable sites. Make purchases only from reputable sites you’ve already shopped at or otherwise trustworthy sites like eBay (check sellers ratings) and Amazon.

12. Updates. Set your computer’s or device’s critical security patches to automatically update; these patches help correct newly-discovered vulnerabilities. And speaking of updates, make sure you update your antivirus and your browser to the latest version, to correct vulnerabilities.

13. HTTPS.  The HTTPS at the beginning of the browser before the URL, means that the site is secure. Never input your credit card number on a site that does not have the HTTPS in the URL field. The HTTPS means there’s encryption on that particular page.

Robert Siciliano is an Identity Theft Expert to Hotspot Shield VPN. He is the author of 99 Things You Wish You Knew Before Your Identity Was Stolen See him discussing internet and wireless security on Good Morning America. Disclosures.

About the Author
ROBERT SICILIANO, CEO of IDTheftSecurity.com is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds. His "tell it like it is" style is sought after by major media outlets, executives in the C-Suite of leading corporations, meeting planners, and community leaders to get the straight talk they need to stay safe in a world in which physical and virtual crime is commonplace. Siciliano is accessible, real, professional, and ready to weigh in and comment at a moment's notice on breaking news.

Similar Posts

  • Card Not Present Fraud Burdens eTailers
    More than 90% of online purchases are made with cards, whether they are credit, debit, or gift cards. A virtual payment that takes place online or over the phone, without physical inspection of the card, is considered a “card not present” or CNP transaction. In a CNP transaction, it is not possible to examine
  • Credit Card Fraud isn’t the same as Identity Theft
    Just as important as taking down the decorations, throwing out all the debris from opened gifts and getting the house back in order after the holiday activities, is that of scrutinizing your credit card statements. Why? To make sure that all the purchases on there were made by you and only you. The holiday season means
  • Stolen Business Debit Cards at Greater Risk
    WE DO NOT SELL DUMPS. DO NOT EMAIL OR CALL US. WE DO NOT SELL DUMPS A debit card from your business, in the virtual hands of a thief, spells a mountain of trouble. The thief can generate a duplicate of your business debit card, then splurge. A “cloned” card can be swiped in a card reader,
  • Watch Those Corporate Card Statements to Prevent Credit Card Scams
    Charges on corporate credit cards can often go unnoticed even when employees are submitting expense reports. Especially if the charges are small. The Federal Trade Commission filed a lawsuit describing a criminal enterprise responsible for “micro charges,” fraudulent charges ranging from 20 cents to $10, to as many as one million credit cards since approximately 2006. Because
  • Why Debit Cards Are a Nightmare
    Robert Siciliano Identity Theft Expert Not all plastics cards are created equal. The major differences in credit vs. debit is in the protections (or lack of protections) that come along with the fine print. A debit card is connected directly to a person’s bank account and when compromised can devastate your bank balance. I know too

Comments are closed.

Xtreme School

Featured in

Anderson Cooper John Stossel Robert Siciliano Featured in
Browse by Month

Browse by Category