Our top 6 tips to reduce your risk of card fraud
Credit card fraud and scams are perhaps more prevalent this holiday than at any other time. With an influx of shopping online, many have been hit by card fraud. However, there are several precautions you can take to protect yourself against it. Here are our top 6 tips to reduce your risk of card fraud as well as recent scams we have heard about.
1. Don’t allow websites to “remember” your card number
Only let secure payment portals, like GooglePay and PayPal, remember your card number. An even better practice is to never check the “remember card number” box for any site or portal. A recent card fraud was reported at Etsy, the handmade, vintage and craft e-commerce website. After an authorized purchase was made by one buyer, they received an email about another purchase they never made. The buyer had allowed Etsy to “remember” their credit card.
The easiest way to spot debit card fraud is to sign up for online banking and monitor your account for suspicious activity. Getting bank alerts, going paperless, destroying old debit cards, and protecting mobile devices are recommended ways to help prevent debit card fraud.
2. Be careful when shopping online
Not all e-commerce sites are genuine. Some are managed by cybercriminals with the intent to steal your money and personal information. Scam sellers front online stores and advertise products but never get to deliver orders placed. In some cases, they make promotional offers that are too good to be true on social media and lead you to their fake site—where they harvest your data.
Before using your credit card online, verify the site’s security and that the URL is authentic. There should be an “s” after the “http” in the web address, and a lock icon as well. Check to origin of the shipment. China, Turkey, Singapore, and Thailand are well-known havens for scam vendors. China is particularly notorious. Statista places China as the single largest origin of fake products worldwide. China-based Taobao and Aliexpress have been reported to host some malicious Chinese vendors (makeuseof.com, wsj.com).
3. Report lost or stolen cards immediately
The sooner you report a missing card, the less liability you’ll have for fraudulent charges made with your card. It’s helpful to have a list of auto-renewing charges you do want to keep such as Apple Pay so that you can quickly input your new card number when you receive it.
4. Review your monthly bill
Always look through your monthly statement to check for suspicious account activity that could’ve fallen under your radar. This will alert you to any current fraud happening and help you proactively stop criminals from continuing to use your card unnoticed.
5. Set two-step transaction notifications whenever possible
Many apps from allow you to opt for two-step verification such as an email or text notifications when your card is used for a purchase. These extra steps can ensure that no transaction from your card goes unnoticed.
6. Change your passwords
Using the same password across your devices and financial accounts places you at a higher risk of losing your key information to a fraudster. Instead, use unique and complex passwords with a combination of letters and numbers. Using a password manager can be an easy way to securely keep track of your passwords.
For help recovering a password, ClickAway can help. We can also help you make your devices safer for online shopping. Contact ClickAway computer repair specialists today at 800-960-9030. We can help you in one of our 6 stores, at your home or office or via a remote online session. ClickAway has been a Diamond Certified computer repair shop for the past 18 years.