Credit card companies seem to rely on making up for hacked and stolen credit card usage by charging higher interest rates for their card users. If they spent some energy on making the use of stolen and hacked credit cards more difficult to benefit from, it might make these credit cards less attractive to the bad guys, as well as significantly reducing the fraudulent charges. They could also spend more time being able to trace the use of these cards, and track down either the original criminal or ones that they sold their stolen cards.
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Yes, keeping the limit low is a good idea.
But the problem of the credit card companies not enforcing more security in the transactions costs us all in the long run, because they have to raise their fees and interest rates to offset these losses.