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What is CREDIT CARD FRAUD, How can you avoid it?


In today's modern world, CREDIT CARD FRAUD has become a common thing. Everyday newspapers definitely write something about Credit Card Fraud. Everyday, someone is definitely a victim of it.

A research in the US in 2017 revealed that 16.7 million people have been faced with Credit Card Fraud and it is estimated that by 2020 its number will increase to 10 billion and this is a big problem for the coming days. .

Every year millions of American citizens are victims of Credit Card fraud which shocks them personally as Kishi's years of earnings go away in an instant and that is why people live in the shadow of fear.
CREDIT CARD FRAUD
CREDIT CARD FRAUD

What is CREDIT CARD FRAUD.

When someone uses your CREDIT CARD for online transactions without your knowledge, it is known as CREDIT CARD fraud. The victims of this fraud are mostly US citizens.

Although it has been heard in India that many people have become victims of this, but if India is compared to America in case of credit card fraud, then there are less cases of credit card fraud in India than in America.

Through credit card fraud, any Hacker can eliminate the entire balance of your credit card. Due to which you may suffer a lot of damage and you have to fill your credit card loan.

Types of Credit Card Fraud.
Credit Card Fraud can be done in many ways, if you want to avoid it, you need to know about it as well as you know how many types of credit card Fraud can be done in many ways. But there are some things that you must know about which are given below.

1. Theft of Credit Card.

If your credit card is stolen, then its problem becomes more because when your credit card is stolen then all your information is stolen with it, which is written on your credit card.

If a credit card is stolen, you should get that credit card blocked so that no one can misuse that credit card.

2. Loss of Credit Card.

If you lose your credit card somewhere, then you can be a victim of credit card fraud because if your credit card was found in someone who knows how to use a credit card, then your credit card balance is over. Can.

If you do not want to be cheated, then always keep your card safe and do not always carry your card with you because most of the cards are lost when they are with you if you do not have your card. Will not lose

If your card is lost somewhere, go immediately to the police station and get that card to go to the bank and stop it, otherwise your bank account can be empty.

3. Using fake cards.

Using fake cards has become a common practice nowadays, using fake cards, hackers copy anyone's card and then use that fake card to withdraw all the money.

And to copy any card, the hacker must have information. If the information of your card is not with hi tax, then you can never copy your card, so do not give your card information to anyone.

4. Takeover the account.

Account Takeover means that Kishi hacker has control over your account and once a hacker gets control of your account, all the money in your account can be lost.

Whenever you lose your credit card and it falls into the hands of a hacker, the hacker can call that credit card company to say that he has lost his credit card and wants to get a new credit card.

And the hackers tell the company an address from where they can get their credit card and when this happens a hacker takes over your account and in this way the entire balance of your account can be empty. is.

5. Lack of Physical Card.

Since the increase in online transactions, the use of physical cards has reduced but online fraud has increased significantly due to which some people still use Physical Card.

Since the introduction of Emv technology, there has been a reduction in fraud and because of this online transactions have become much easier, you need your name CARD NUMBER and CVV code to do online transactions.

How to recognize Credit Card Fraud.
If you want to know how to recognize Credit Card Fraud, then you first need to know about all the things that are related to Credit Card Fraud only then you will be able to recognize Credit Card Fraud.

1. You should check your credit card statement every month so that you know that money is not being deducted without reason from your credit card.

2. Pay attention to all the transactions that you have not taken. If you feel that there has been any unsolicited transaction from your account, then report it to your bank immediately.

3. Whichever company you use your credit card, the company sends the message to you and always pay attention to that message. Such as a new address related to the new card and blocking of the card.

4. You should use a service that can help you if something is stolen.

How to avoid Credit Card Fraud.
You can be a victim of credit card fraud, even if the card is with you, it is important to monitor your credit card accounts.
If you want to avoid being a victim of fraud then you can follow some rules given below and you can protect yourself from this fraud.

1. You should keep changing your credit card PIN and password from time to time so that you can avoid being a victim of credit card fraud

2. From time to time, you should pay attention to the activity of your account so that you can know that no money is being deducted from your account.

3. Never give your credit card information to a person whom you do not trust, if you give him your credit card information then you can use that information incorrectly.

Raise awareness and be safe.

If you want to avoid any scam then you have to be cautious because in today's modern world everything is possible. If you want to be safe, then you have to be aware while using the internet, do not go to any website that will make you Be at risk

If you use Phone Banking and Internet Banking in your phone then you should not visit any ELIGAL site because they steal your information without your permission and you will not even know.

The conclusion

In this article I have told you about CREDIT CARD FRAUD and I hope that you people will definitely like this article, if you have any questions, you can ask us by commenting.

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