Credit Card Fraud Risks and Prevention

As more and more people have come to rely on their- ATMs or websites that look insecure or modified. If
debit and credit cards for a greater portion of theiran ATM looks like it has been tampered with, don't use
spending, the risk of credit card fraud has increased.it. If you pay bills or access your bank account
There are a seemingly infinite number of scams justinformation online, be sure that the website is secure.
waiting to take hold of an unsuspecting card user.Websites that begin with "https" are http secure
Whether it be through internet ads, email, post mail, orwebsites, meaning that they contain encryption to
telemarketing, would-be frauds are hoping to steal yourprotect users. Any website that accepts payments or
money. Knowing the risks that you face and the waysfinancial information should have a http secure website.
that you can protect yourself can help to keep youOtherwise, don't use it. These are just some of the
safe from credit card fraud.many scams that you may come across as a credit
Signs of Fraudulent Scamscard user. If you notice something out of the ordinary
There are certain clues that you can pick up on toor feel that something is "just not right", ignore the
determine if an offer over the phone, through mail, orcommunication and do not provide any information.
on the internet is a fraud. Keep an eye out for theseReport the potential scam immediately so that it can
common tactics used to hoodwink credit card holdersbe investigated. It is better to be safe than sorry.
into giving away their money:Prevention Tips
- You won a contest or lottery. If it sounds too good toIn addition to detecting the above potential scams,
be true, it probably is. If you didn't sign up for a drawing,there are other preventative steps that you can take
contest, or lottery, this is a sure fire sign that someoneto avoid credit card fraud. These include:
is trying to scam you.- Shred receipts and bill statements. When you throw
- Unsolicited phone calls. You may get a phone callout any receipts, bills, or other financial materials with
from someone claiming to know you through yourpersonal information, be sure to shred them so that
business or your bank. If they ask for information, tellyou sensitive information can't later be picked up by
them you will call them back. If it is a scam they willsomeone else.
likely not give you a phone number to return their call.- If you lose your card, cancel it immediately. As soon
- Asking for personal information. If someone claims toas you notice that your credit or debit card is missing,
be an employee from your bank or work and asks forcall your bank and have your card canceled. Your
your personal information, remember that they shouldcreditor will happily cancel your card to avoid identity
already have it. Don't give your social security numbertheft or credit card fraud and will send you a new
out over the phone, and don't reveal sensitivecard. Taking preventative action to protect yourself is
information such as your bank account number orthe best way to minimize your risk of becoming a
mother's maiden name.victim of credit card fraud.