Protect Yourself From Credit Card Fraud

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Just recently, I’ve heard that thieves now have the capacity to get the number of my credit card and produce a credit card with my number on it. Then, the thieves can actually use the card to place
charges on my account. Is this true? If so, what can I do to protect myself against my credit card getting “counterfeited?”

Unfortunately, credit card counterfeiting is one of the latest crimes committed by technology savvy thieves. And once thieves have your credit card number, they are free to use it to rack up a lot
of charges. Some of these criminals actually can transfer your card’s data onto magnetic strips and physically
produce a useable credit card.

Use these strategies to avoid being the victim of credit card fraud:

1. If you ever feel the slightest suspicion, pay with cash instead of your credit card. Although doing so may not be as convenient, it’s important to remember that anytime your credit card leaves your hands, you have no idea what that person is doing with your credit card.
• Because of the prolific availability of compact, hand held credit card skimming gadgets, it takes only a second
or two for someone to “steal” your credit card information.

2. If you must use your credit card, then do it where you can see the card at all times. Swipe the card only once as some credit card criminals tell you to “swipe it again.”
• It’s during your second swipe that they might actually be copying your credit card info into their skimming device.

3. Retain all your credit card receipts and compare them with your statement. Go the extra step and frequently check your credit card account online for any questionable amounts.

4. If you notice charges on your statement that you did not make or authorize, call your credit card company immediately. Most cards include an 800 number on the back to easily contact the company.
• Also, keep that number on your cell phone and on your important phone number list to access in the event your card is stolen or lost to terminate your account to avoid fraud.

5. Be knowledgeable about the ATM machine you use. Notice anything different or suspicious about how the ATM machine looks as crooks can attach a reader device to credit card machines that captures card numbers.
• Some thieves have even managed to install tiny cameras above ATMs to obtain customers’ PIN numbers.

6. In the event you plan to travel out of your home state and use your credit card, give your credit card company a “heads up.” Let them know your whereabouts so they’ll know you’re the one actually making purchases outside of your home state.
The safety and protection of your financial information is at stake. Follow these steps and stay alert to your credit card account happenings to avoid counterfeiting of your credit cards.

 

Take Control: Urgent Steps to Recover from Identity Theft

If you’re a victim of identity theft, it’s crucial to take immediate action to minimize the damage and protect yourself. Here are some steps you can take:

1. File a Report: Contact your local police department and file a report about the identity theft. This will create an official record of the incident.

2. Contact Credit Bureaus: Notify the major credit bureaus—Experian, Equifax, and TransUnion—about the identity theft. Request a fraud alert be placed on your credit report to alert creditors to verify your identity before extending credit.

3. Review Your Credit Reports: Obtain copies of your credit reports from all three major credit bureaus and carefully review them for any fraudulent activity or unauthorized accounts.

4. Dispute Fraudulent Charges: If you find any unauthorized accounts or fraudulent activity on your credit report, dispute them immediately with the credit bureaus. Follow up in writing with supporting documentation if necessary.

5. Contact Financial Institutions: Alert your bank, credit card companies, and any other financial institutions about the identity theft. They can help you monitor your accounts for suspicious activity and may issue you new account numbers or cards.

6. Monitor Your Accounts: Regularly monitor your bank and credit card statements for any unfamiliar transactions. Report any suspicious activity to your financial institutions immediately.

7. Consider a Credit Freeze: In severe cases of identity theft, you may consider placing a credit freeze on your credit reports to prevent any new accounts from being opened in your name without your permission.

8. Keep Records: Keep detailed records of all communications, transactions, and documents related to the identity theft, including copies of correspondence and police reports.

9. Stay Vigilant: Identity theft can have long-lasting consequences, so continue to monitor your credit reports and accounts regularly for any signs of fraudulent activity even after taking initial steps to address the issue.

Remember to remain vigilant and proactive in protecting your identity and financial well-being. If you’re unsure about any steps to take, consider seeking assistance from a certified identity theft specialist or legal professional.

25 Ways to Avoid Identity Theft

Empty bank accounts, credit accounts charged up to the limit, and a ruined credit rating are just the beginning of
the nightmare! It can take months to get everything straightened out, but it only takes an instant for it to happen.
Don’t feel like you’re being overcautious with any action you take to protect your personal information! When it
comes to protecting your identity, safety comes first.

1. Shred all personal documents before discarding.

2. Shred junk mail that has your name, address, or any other personal information.

3. Never give your personal information over the phone to someone who calls you.

4. Use prepaid debit cards for online purchases.

5. Use a secure, private wireless network when providing personal information online.

6. On the internet, ensure that you’re on a page that starts with “https:” rather than “http:” when giving personal information. “Https:” pages send the info in an encrypted form.

7. Avoid shopping online in public places.

8. When at the ATM and checking out at the store, shield your account number and pin from those around you. A thief could very well be standing right behind you in line.

9. Use cash in restaurants; avoid giving the waiter your credit card.

10. Keep your passwords and pins to yourself and use a different one for each account.

11. If you write down your passwords or pins, keep the paper in a safe place (not your wallet).

12. File your social security card in a safe place at home.

13. Memorize your social security number for handy reference when you need it.

14. Carry only necessary information.

15. Keep track of billing cycles and statements. If you don’t receive one, inquire about it.

16. Put your receipts in a safe place and shred before discarding.

17. Keep your anti-virus and anti-spyware software up to date and run regular virus scans.

18. Invest in a lock box for personal information.

19. Question requests for your personal information.

20. Never provide personal information in email.

21. Regularly check your credit report. Is anything out of place?

22. Keep your purse in sight. If you must leave it somewhere, check it immediately when you get back. At the office, keep it hidden in your desk.

23. Mail your bill payments at the post office rather than putting up that red flag on your home mailbox. Thieves love those red flags!

24. Keep your unused checks and bank statements in a safe place.

25. File your IRS forms in a secure place away from prying eyes