Card Safety Online
How Do Online Card Frauds Do It
Online frauds most often use the “card not present” method which involves buying goods or service through the use of card details. Another common method is skimming or electronic copying of the card details at a physical point of sale. But by far most common method is the so-called phishing in which the criminals convince their victims to reveal sensitive information voluntarily. They may pretend to be legitimate retailers or even the victim’s bank or card issuer. Lastly, they may also obtain sensitive card information from otherwise trustworthy online retailers who don’t have adequate security.
How To Protect Yourself When Buying Online
Never reveal your PIN, not even to your bank. With the exception of cash machines and point-of-sale terminals, you should never be asked for your PIN and no legitimate online retailer will ask you to enter your PIN anywhere. The same counts for various passwords and secret card details.
Don’t save any card information. Although it may be convenient and time saving, you are highly recommended not to save any card information anywhere including reputable online retailers where you shop regularly. It isn’t that the retailer will abuse your information but if there is a breach, sensitive card information can end up in wrong hands. So re-enter all the data during each purchase.
Use credit instead of debit card whenever possible. It may sound counterintuitive but it is actually a better idea to use credit card to pay online rather than debit card. This is due to the fact that debit cards aren’t automatically covered by payment protection insurance. Also, they aren’t as closely monitored as credit cards which means there is a greater chance that a suspicious activity goes by unnoticed. You are therefore recommended to pay with credit card when shopping online and use debit card with extra caution.
Always check the retailer’s security. Some online shops are less secure than the others which means that some make you more vulnerable to card fraud than the others. So when looking for the best deals, you are recommended to focus on secure online stores which display the padlock symbol seen on such sites as farawayfurniture.com.
Always shop online from your personal computer. Entering your personal information and card details at a public computer is very risky because you cannot know whether it is really safe or not. Therefore, resist the temptation to shop online using a computer at a library or cybercafe and go shopping when you get home.