Merely using a credit card puts you at risk of credit card fraud, albeit a small risk. But there are certain things you do that make you more at risk of becoming a victim of credit card fraud. Some of them are inevitable, but knowing that these measures mean you should closely monitor your credit card activity to catch any unauthorized fees.
Borrow to a friend or relative after your credit card
Whenever someone else has your credit card, you are at increased risk of credit card fraud. Not that your loved one will misuse your credit card, but they cannot be as careful with your card as you would be.
After your credit card at the petrol pump
Credit card thieves are known to install credit card skimmers on the credit card slot on the gas pump (and ATMs). These skimming devices are very difficult to recognize because they look like real credit card readers. The skimmer collects and stores credit card information with every Swipe credit card. The thief later returns all card information for download. Some skimming devices are so sophisticated that the thief can use Bluetooth technology to download the credit card information from a distance, decreasing their chances of getting caught.
Gas stations can become even more of a target for fraud in the next few months. Most other retailers upgrade to the safer EMV credit card machines, but gas stations aren’t required to take the technology by 2017.
After posting pictures online from your credit card
For some people, booking your credit card details online is a no brainer. But there is a Twitter account filled with retweets from people who did just that. While you can’t intentionally load pictures from your credit card, you could accidentally have a restaurant selfie tweet on the table with your credit card.
Lost or stolen after your credit card. You are probably at greatest risk of credit card fraud if your credit card is lost or your wallet is stolen. No doubt if they immediately name your credit card company it will report the missing credit card and have sent a new one to you.
After downloading email attachments from an unknown source
Hackers can install spyware on your computer through email attachments and other downloads. Once the spyware affects your computer, it can run undetected in the background of your computer, capture it and transmit the data to the hacker. The hacker can use your credit card information to commit credit card fraud. Be very careful with the attachments you open and applications that you download to your computer, even if they seem to come from someone you know.
Having a company you bought with something has a data breach
More and more companies are suffering from data breaches that are putting hackers in the hands of millions of consumers. Businesses are not always required to notify consumers if it has been a data breach and not all data misuse is large enough to attract media attention. Always monitor your credit card account for fraudulent activity, especially if a company you bought something has suffered a data breach.
Credit card fraud can go undetected for weeks, even months, if you don’t closely monitor your credit card. Check your credit card transactions often to catch fraud and deal with fraud as early as possible.