This is the fourth post in the Identity Theft series. I hope you got a chance to read all the other posts in this series. If you haven’t, please find them under “Identity Theft-Series” category.
Identity Theft- How can you Prevent Credit Card Fraud?
Identity theft and credit cards can be a complicated issue. However, what you should know about this alarming situation is actually very simple. Your credit card information should be protected at all times. This will help prevent credit card fraud.
Generally speaking, a criminal can’t steal your identity entirely with only a credit card. They can, however, steal your cash and credit rating. This is why it is so important to safeguard that information in all situations carefully.
When you call your credit card provider, you have to answer a series of security questions and verify your birth date and social security number. A random thief who gets your credit card information does not have the other information needed to take steps toward stealing your identity. This is why protecting personal information very carefully is so important. If the thieves have your personal information, it is easy for them to commit credit card fraud. It is yet another step in protecting your overall identity.
When you use your credit card online, always make sure you are on a secure site. You can also use a PayPal account so that no card information is shared with the site you are shopping on. This is another layer of protection that enables you to shop worry-free on the Internet. This is in fact one of the best practices that help tremendously in preventing credit card fraud.
There is no reason that any shopping site should ask for your social security number along with your credit card information. If you are applying for credit then make sure you are on a secure site before entering your social security number. Some people don’t feel comfortable entering this information online—even on a secure site. You can call the credit card company directly to apply over the phone if this makes you feel more comfortable. Every little action, even though you have to perform it consciously will help in protecting you from any sort of credit card fraud.
Sometimes, you may receive a phone call from someone claiming to need personal information to verify an account in your name. A good rule of thumb is to never provide this information to someone who has called you. A reputable company will understand and allow you to call back to verify the authenticity of the call. Don’t call a number that this person provides to you. Look up the company’s official customer service number and call that number instead.
Two terms that always seem to go hand-in-hand are identity theft and credit cards. What you should know about this rapidly growing type of crime is that you can only do so much to prevent the theft of your identity as well as the credit card fraud from happening. If you want to use the convenience of online shopping, keep your personal identifying information separate from your financial information or use a site such as PayPal. Be cautious and be aware of scams that require you to divulge personal information. Be sure to guard your social security number, and don’t give it to anyone without a very good reason.
If you’ve been doing a lot of shopping online, you’ve probably seen all sorts of things related to identity theft and credit cards. What you should know is that there are plenty of cases of identity theft that happen every day. Usually the victim does nothing wrong. Make sure you take the steps you are able to take to mitigate your risks. After that, your risks drop considerably and the odds are good that you will stay safe from identity theft. In today’s world, that is about as good as you can hope for from becoming a victim to credit card fraud and identity theft .