Credit Card Fraud Stats - Protect Yourself from Being Scammed

This guest post is by Marina Robertson of CreditLoan

The problem with being a credit card fraud victim is that you will most likely not receive justice. Those who are involved in scams are mostly experts at being anonymous. Finding their exact location could be a huge challenge. There were only a few times when actual perpetrators were thrown to jail.

Most of the time, the bigger syndicates running this kind of activity, are still at large. This only means that you really have to protect yourself against credit card fraud. The moment you become a victim, you will surely be helpless. You may seek for help from an IT expert to trace the bad guy, but there is no guarantee of success.

Before even thinking of using a credit card especially for online transactions, you have to determine if you are partnering with legitimate sites. You should also read the privacy policy. If the website you are visiting looks sketchy, you need to close it right away.

It is also important to always check the link of any site that you visit. There are some sites mimicking the exact homepage layout of the sites you always visit, but they are not the same site. The moment you encode your username and password, it goes into their system and you have just been hacked.

You really need to be more protected against these bad elements. You can’t afford to lose everything that you have worked hard for because of them. As soon as you notice that something is wrong with your transactions, call the credit card company immediately to cancel your account.

This is just one of the many tips available for you. Check out the infographic below for more details on how you can stay protected.

Credit Card Fraud Stats - Protect Yourself from Being Scammed