To protect your interest, you should store your digital identity securely and stay alert when using your cards. Always make sure the merchant is legitimate before providing any sensitive credit card information.
Credit card fraud can happen in various ways. Let's learn common scam signs and tips to prevent you from becoming the victim of credit card fraud.
Here are some measures you can take to protect yourself:
Fraudsters advertise on social media platforms to attract victims with limited editions and discounted products and require them to pay before shipping. After fraudsters receive the payment, they will disappear together with their social media page.
Fraudsters pretend to be merchants, offering goods with prices that are more attractive than the official retail price and use fake websites to steal victims’ credit card information and OTP so they can make large purchases to defraud money.
Fraudsters pretend to be the real merchants, banks or government officials, making phone call, send SMS or email to collect your credit card details. They create fake scenarios to reduce your alertness or make you panic. Common cases can be requiring you to pay additional delivery fees for parcels, claiming to cancel fraudulent transactions, claiming that your family or friend is in emergency or offering free gift card.