How To Prevent Credit Card Fraud | Identity Theft
Credit Card Fraud and Theft
It is very important for you a card holder to know what credit card fraud is and different scams involving credit cards. In this era of plastic/electronic money credit card fraud is a menace being suffered by both card issuers and card uses. Every year billions are dollars are lost by credit card fraud and credit card theft. Credit card companies pass some of this loss to the retails when they fail to stick to the processing method of the card and some of this loss due to credit card fraud is covered by insurance. You have to be worried because as a card holder your are also potential liable for any credit card fraud.
You as a credit card holder can prevent credit card fraud or theft by by taking care of your card in few steps and keep reading this blog for new credit card fraud prevention methods being evolved by the credit card issuers to prevent credit card theft. At present you can ensure that credit card theft is prevented by not letting your card going out of your sight.
Not using credit cards on a unsecured website, I have talked about this in my other blog. Destroy the carbon copy if you use a carbon copy machine to prevent credit card fraud in this manner. Do not use credit card to withdraw money from ATM machines. These are the steps you can take apart from the security feature provided by the issuers, to prevent credit card fraud.