Only if you have a credit card do you risk credit card fraud, albeit a small risk. But there are certain things that put you even more at risk of falling victim to credit card fraud. Some of these are inevitable for you, but be aware that these actions mean that you should follow your credit card activities closely to capture unauthorized charges.
After lending your credit card to a friend or relative .
Always someone else has their credit card, the risk of credit card fraud is increased. Not that your loved one will misuse your credit card, but he may not be as careful with your card as he would be.
After using your credit card at the gas pump . Credit card thieves are known to install credit card skimmers in a gas pump (and ATM) credit card slot. These skimming devices are very difficult to detect because they look like real credit card readers. The skimmer records and stores credit card information with each credit card swipe. The thief returns later to retrieve all the card information. Some skimming devices are so sophisticated that a thief can use Bluetooth technology to retrieve credit card information from a distance, reducing their chances of being caught.
Gas stations may become even more of a target for fraud in the next few months. Most other retailers are upgrading to safer EMV credit cards, but gas stations are not required to adopt this technology until 2017.
After posting pictures of your credit card online
For some people, not posting your credit card information online is not appropriate. But there’s also a Twitter account filled with retweets from people who did just that. While you may not intentionally upload pictures of your credit card, you may mistakenly hear a selfie restaurant tattoo with your credit card lying on the table.
After you have lost or stolen your credit card . You are probably at highest risk for credit card fraud if you miss your credit card or have your wallet stolen. No doubt, if that happens, call your credit card company immediately to report your missing credit card and send you a new one.
After downloading email attachments from an unknown source . Hackers can install spyware on your computer through email attachments and other downloads. When spyware affects your computer, it can run undetected in the background of your computer, collecting and transmitting data to hackers. Hackers can use your credit card information to commit credit card fraud. Be very careful about the attachments you open and the applications you download to your computer, even if they appear to come from someone you know.
After the deal you purchased, you have a data breach
More and more businesses are suffering a data breach, which puts the credit card information of millions of consumers in the hands of hackers. Businesses are not always obliged to notify consumers when a data breach occurs, and any data breach is not large enough to attract media attention. Always monitor your credit card account for fraudulent activity, especially if the business you purchased suffered a data breach.
Credit card fraud can be undetected for weeks, months even if you do not carefully monitor your credit card. Review your credit card transactions frequently to catch fraud and engage in fraud as early as possible.