to email/telephone order (MO/TO frauds) and more. The banking sector has taken multiple steps towards prevention of credit card frauds. However, consumer education is a key strategy when it comes to avoiding fraud. Here are some simple ways a consumer can self-educate and help avoid credit ...
Learn how your bank cards can be compromised and what you can do to keep them safe. Learn more about debit and credit card fraud. Identity fraud and theft Scammers use stolen personal information to engage in fraudulent activities. Keep your information safe from theft. Learn more about ...
Swiping and inserting aren’t the only ways to pay with a card. If you have acontactless credit or debit card, you can simply tap it to the machine instead of inserting it. If you’re at a gas station, paying through the app or inside with an attendant might offer more protection. ...
Follow up. Police departments rarely have the resources to investigate individual debit card frauds. The transactions are too far flung, and there simply too many instances of theft. But reporting fraud can give police leads on complicated fraud rings. Gathering copies of the police reports, likewi...
In these cases, such invoice frauds have an internal perpetrator, such as the Financial Controller or AP department officer. They take the invoice received from the vendor and instead of paying it and transferring the money to the correct and legitimate account, they redirect the money into an ...
Nowadays, over-reliance on digital transactions has introduced to world various online scams and frauds. From receiving inflated credit card bills to people falling for phishing scams, maintaining online security is more essential today than it has been ever before. Adding to the misery is the exce...
Credit Card Skimming frauds have led to a new type of cybercrime named FormJacking. We have discussedwhat FormJacking is and its preventionin the linked article. If you have anything to add, do share. Now read aboutwhat all information is stored in the Boarding Pass Barcodeand why you should...
Don’t provide your credit card numberover the phone or internet unless you are sure about who you’re giving it to. If you do answer one of these calls, the scammer is going to use every method of manipulation possible to get you to send money. Don't try to have a log...
Even if you are doing everything right, errors can affect your credit report. Credit card frauds, inaccurate information and identity thefts can have an adverse effect on your credit report so keep a track and take immediate action to rectify errors so you can maintain a good credit report. ...
Use a credit card, which offers greater protection against fraud, rather than a debit card. 4. Stick to Bank ATMs Bank ATMs tend to have better security (video cameras) than automated teller machines at convenience stores, restaurants, and other places. ...