In many ways, modern technology has transformed our lives for the better. Sadly, it also does the opposite. This is true especially when it comes to fraud. Even before, a lot of people have become victims of fraud.
Whether it is in business transactions or simple purchase of products, fraud may take place. It is also true for credit cards. These bad people will trick you into giving them your actual credit card details and make use of it to their advantage.
Even in the world of stock trading where there are a lot of finance and IT experts, fraud may still occur. Now that almost all transactions are done online, the possibility of being a fraud victim increases.
For instance, if you have decided to buy certain items online and pay using your credit card, you don’t realize that the site you have chosen is not a legitimate site. As a result, your credit card information was stolen and you end up paying for items you didn’t buy.
This may also happen via email scam. There are people sending emails pretending that they are from a credit card company. Some others threaten gullible people and think that they owe someone money. As a result, they end up being scammed. Their credit card information was also stolen.
No one deserves to be a victim of fraud. We all work hard for whatever it is that we have in life. Other people should do the same. Of course, you can’t force others to stop defrauding people. The best thing you can do is to simply protect yourself.
They can try their best to make you a victim, but if you are vigilant, it won’t happen.
Canceling credit cards
As soon as you have realized that you lost your credit card or you have entered a bad deal, you need to cancel your credit card account right away. This will render the account useless. Don’t worry about reopening the account. It doesn’t take a lot of time.
This also means that your credit card company’s phone number must be on your speed dial especially during emergency cases. These scammers may act really quickly especially if they have the necessary information with them. The best way to prevent them from defrauding you is by acting faster.
Forty two percent of all credit card fraud cases happen through emails. If you notice, there are a lot of random emails sending to you some information saying that they need financial help or you have some financial obligations with them. Take some time to pause before replying to these emails or even considering them.
These emails might be from people who will just defraud you. If you can’t remember having debts with someone or doing transaction with a certain store, it only means someone is trying to scam you. Go ahead and close the site immediately.
There are many ways in which these people will try to fool you. The infographic below suggests more strategies to avoid being a victim. Be smart and make the right choices.