Combating Online Credit Card Fraud

Let's not mince words here. Secure e-commerce transactions are a must these days. No longer can we afford to take credit card usage lightly. There are real-time threats to security lurking around every corner, and being aware of them is half the battle won. That way, you can take steps to minimize the chances of fraud taking place.

How does credit card theft occur? Thieves hack into accounts and mine for emails in trash cans containing financial information like receipts and card numbers.If you want to know about ecommerce credit card fraud prevention system, then you can browse the web.

There are also hackers who log into merchant databases and steal information. Recent developments in information thieving include secondary readers that copy information on the magnetic stripe of your credit card. I'm sure you've heard in the news of small devices and strips that can be placed on gas pumps that record credit/debit card numbers and passwords to authenticate use. And of course, the invariable friend, relative or family member who falls for a phishing email that looks legitimate, asking for their card details.

It is possible to prevent against theft by doing some simple things like keeping your card details and pins to yourself. If you ever lend out your card to a spouse or family member to use in an emergency, make sure to update a pin change when you get it back. There have also been instances of people skimming or double swiping at store-bought purchases, which also count as credit card fraud. Keep your card in sight and make sure the cashier at checkout knows that you are a vigilant buyer, so they won't try it out with you.

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