Posted on March 15, 2010.
Measures to prevent fraud with credit card An ounce of prevention is better than cure - a lot of credit card fraud can be prevented if simple steps are observed in the destruction of old receipts and pay stubs, because too many credit card data is copied on invoices issued by retailers.
Despite a federal law that prohibits a merchant from printing more than last 5 digits of credit card and omitting the expiration date, several retailers violated the provision of the Fair and accurate credit operations, Act (FACTA) and print all data from the credit card.
Not many people use the paper shredder to destroy confidential data, so these bills and pay stubs invariably end up in the bin and then in the hands of a fraudster. All confidential data must be destroyed in a manner that is not a shred of information is available at a data thief.
Another way identity theft through fraudulent e-mails, Internet users receive email unsuspecting deceptive show that the mail was sent from a popular website and a reply is requested personal information such as number credit card, social security number etc., many unsuspecting victims to send the requested information, to receive bills for purchases they never made.
Many banks offer identity theft insurance coverage that indemnifies the owner against credit card fraud or identity theft, and registration schemes for online protection offered by Visa and MasterCard are few some of the preventive measures that can protect a victim of fraud.
- Destroy the old bills and pay stub in a mill ..
- Beware of fraudulent emails, use the updated and reliable antivirus software that has a phising filter.
- Report to FACTA if companies violate the provisions on credit transactions.
- Join protection schemes such as e MasterCard SecureCode and Verified by VISA
- Sign up for a coverage of identity theft with an insurance company.
More information on the credit card fraud
