Each year, the number of incidents of online scams and money losses continues to skyrocket! Because of this, as a credit or debit card holder, you must ensure you stay on top of the best online and offline scam protection practices. We’ll be pointing out some of the best ways to protect yourself from being a victim of the rising online scams now.
Never Use Your Payment Card On a Suspicious Online Platform
While this might seem a no-brainer, you’d be surprised at how often most people do transactions on a platform without checking to see if it’s safe first. Yet, taking the time to confirm that you’re dealing with a legitimate platform is vital, as inputting your card details on the wrong forum is all it takes for hackers to steal that data and harm you. So, accomplish simple things like confirm if any website requesting your financial details has SSL certificates.
Follow Your Credit Card Statements Closely
The interesting thing about many credit card money losses is that many people don’t even know they’ve fallen victim to it in the first place! And depending on how the hacker plays it, this can go on for months. The best prevention is to monitor your credit card statements closely. Nothing to hide from these reports, so you’ll be able to easily see which subscriptions you didn’t do yet paid for and any purchases you didn’t make. This approach has another great; benefit; it helps you quickly spot any unauthorized levies or fines subtly imposed on you by your bank.
Be Conscious Of Your Credit Card At All Times
One common way people commit payment card theft today is getting their physical card stolen. You can ensure by knowing where your credit card is at all times. It is more so if you use public transport systems often as these routes can be a hotbed for theft and robbery. By doing this, you can prevent would-be thieves from using the tap and pay function on your payment card after they must’ve gotten a hold of it.
Leverage Fraud Protection Features
In response to the high rate of payment card money losses and thefts, many credit card companies now issue credit and debit cards with a fraud protection plan. It can prove invaluable to you as this feature can considerably boost your card’s security. In addition to this, you can complement the security of your card even further by getting insurance policies that secure you against incidents of theft.
Making sure your payment card stays safe and secure is a full-time job, as even a moment’s laxity can result in severe financial losses. Using the tips highlighted above, you’ll be in a better position to protect yourself with less stress at all times!