HARRISBURG, PA (WHTM) – There was a huge spike during the pandemic Credit card fraud, but there are a few tips to keep you from becoming a victim.
“Credit card fraud remains a popular way these scammers try to target people,” says Nathan Grant CreditCardInsider.com.
Whether it’s physical devices like credit card skimmers or cybercrime like data breaches, credit card fraud is on the rise.
“With more people shopping online than ever before, it becomes a bigger problem just because people are using credit cards more often.”
Grant said the best way to protect yourself online is to shop with your credit card instead of your debit card.
“If you are using your debit card to make a purchase and something happens due to a data breach, and people have this information when they use your debit card that takes money from your actual account,” Grant said. “You cannot continue to use this money until it is refunded. Depending on the bank, this can take a lot longer.”
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Grant also says you can get additional protection by using digital wallets like Apple Pay and Google Pay.
“Even if you put your credit or debit card information in those wallets, what is actually used is something called tokenization, which gives you a unique use number for this transaction. This also applies if you buy from a merchant who is harmed by scammers or the like that way they will not have your information. “
Other important tips: When shopping online, look out for the lock icon in the address bar, avoid making purchases on a public network, and be careful on social media. Fraudsters can get a lot of personal information by looking at what you post.
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In addition to using your stolen information to buy things with your card, thieves use that information to open new credit cards on your behalf.
“A good thing is to keep an eye on not only your bank and credit accounts, but yours as well Credit reportsLook for things that if something looks fishy like something you didn’t open, an account you didn’t open yourself, or something, this is the first red flag to tell you that, “Oh my god , maybe something happened. ‘”
If you fall victim to credit card fraud, Grant says, “There are a number of federal safeguards in place. The first thing you’ll want to do is contact the FCC and file an identity theft fraud report. This will guide you through the fraud prevention process. There is a step-by-step process to get back on track and undo any damage that may have occurred. “
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Nathan also suggests signing up for fraud notifications. This will notify you every time an attempt is made to create a new credit on your behalf.
You can find more information and tips about our Show Me the Money here.