Posts Tagged ‘OnlinePrepaid cards’

How to protect yourself against identity fraud online

It’s no secret Identity fraud is one of the fastest growing crimes in the UK; we love online shopping for the deals and convenience and with more people banking online than ever, we are all sitting ducks when it comes to fraud schemes.

To combat this we all have to be vigilant online so we don’t fall prey to online identity fraud schemes.  As technology has gotten more sophisticated, so has cyber-criminals, they keep coming up with more inventive ways to scam us.

It’s really important that people remain vigilant whenever they are making financial transactions online and don’t allow themselves to become victims of scams or frauds.”

Here are a few things to look out for when online;

PHISHING SCAMS

Phishing is a common tactic used by hackers and identity thieves to acquire sensitive information like usernames, passwords and bank details. Fraudsters create a website identical to big brand sites and use an email link to direct you to the dodgy website, where you are asked to enter your personal information into what appears to be the trusted site’s ordinary log-in form. However, your details are actually collected and stored on a database which is likely to be sold on to another fraudster.

SOCIAL NETWORKING SCAMS

Sites such as Facebook, Bebo, Twitter, Linkedin and MySpace can seem like a bit of fun but be careful not to divulge personal information. Fraudsters use it to find out answers to personal questions such as your pet’s name, or maiden name – which are often security questions used to access bank accounts.

SPOOF WEBSITES

Such websites usually contain several spelling and grammatical mistakes as well as lots of pop-ups and banners; it is advisable not to give out any valuable information on such sites. Similarly, if you come face-to-face with any pop-ups telling you that you need to download software you’ve never heard of, close the window and try not to visit the site again.

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How to protect yourself against credit card fraud this summer!

Anti-fraud agencies have their busiest periods during summer seasons because credit card fraudsters seem to work over time during summer.

Also credit and debit card owners tend to be less vigilant during this period especially those abroad on holiday meaning they become they become vulnerable to credit and debit card fraud.

Most people don’t actually find out they are victims of fraud until they return home and by that time fraudsters have raided their bank accounts or rack up large credit card bills in their names.

So how do you protect yourself against card fraud during this high season?

Swipe and Sign

The personal identification number (PIN) was introduced to help cut out both card fraud but thieves have devised ways of retrieving your pin after you have used the machine so whiles on holiday abroad, swipe and sign for purchases as signatures are harder to fake.

Shred Everything

This advice is not just for the holiday season, it should apply all year round. One of the easiest ways to obtain someone’s credit card number is to go through their rubbish so shredding all receipts, invoices and bank and credit card statements makes it impossible for fraudsters to get your details.

Read Your Mail

Most people just skimp through their bank and credit card statements and ignore general mail from such institutions which is a big mistake. Checking your statements thoroughly will allow you to notice any unusual activity on your accounts. Also if you don’t check the mail on a regular basis, you could mistake an important notification for a credit card solicitation and disregard it. You should also shred credit card solicitations because information such as your address and name is written directly on the envelope making it ripe for stealing.

Never give your Credit Card to an Unverified Source

Whether you are abroad on holiday or at home, never give your credit card number or pin to anyone on the phone or internet. It could be fraudsters impersonating a bank representative so they can get access to your details. When you get such calls, always hang up and call the card company yourself.

To avoid becoming a victim of card fraud this summer, those going abroad for holidays should consider purchasing a prepaid credit card. Prepaid credit cards are convenient, they save money as you don’t have to pay commission on transactions when abroad and they help you stay within budget as you can only spend the amount you have loaded on the card. Most importantly, if stolen, thieves can only spend the amount on the card; they can’t rack up a huge bill in your name.