True, the holiday’s is the hottest time when credit card fraud runs into the millions of dollars. There are many incidents of fraud out on the market and shopping is a very casual task many take for granted. A leading credit card company from the US reported losses in the millions of dollars that they do not readily publicize for it has an impact on their customers confidence in their systems.
There is no true protective measure for something as small and compact as a credit card which in the wrong hands can cost you a few hundred dollars or even max out your credit limit. Crime syndicates use the said tactic for their illegal activities where they have people who handle these fraudulent transactions. There is still a wide open gap when it comes to credit card which may be covered by newer fool-proof security. The addition of biometrics to the standard card swipe can provide an added level of security along with fingerprinting.
Simple steps can also be taken to prevent these actions towards you such as being careful where and when you use your credit cards. When paying, be sure to have in plain sight the reader or terminal where the card is swiped to be sure they are used only for the intended purchase a card fraud scheme wherein a separate card reader is used to record the information contained within the card has been going on for a long time where the captured information can be used for purchases. Before signing the print-out or receipt, be sure to check all details such as the purchase amount and other such vital information. If you do end up loosing a credit card or your whole wallet, immediately call your card company so the said card can be tagged as stolen so further purchases are not billed to you. If there happens to be any inaccuracies in your card’s statement, call information at once for there may be a problem with your card of worst somebody may have already copied the information from your original card. Vigilance and awareness is the key so be on the lookout for any dubious people around you. Keep safe people and a Merry Christmas to all.
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Here Are Some Things That Might Happen If You Don’t Protect Your Online Identity
If you haven’t been a victim of fraud or identity theft, or if you’ve never had to get a new credit or debit card because you shopped somewhere that suffered a security breach, then you may still be of the mindset that your identity, and your wallet, are safe. But that isn’t the case, especially in this day and age of online shopping.
If someone steals your identity you might not even find out about it right away. At least when it comes to stealing your bank account information banks and stores are getting more on top of things these days. The new chip card credit cards are supposed to help prevent credit fraud. [Read more…]
You Need More Than Virus Protection To Keep Your Information Safe
Whether you are protecting yourself while you play around and shop online, or you are a business with online clients that need their information protected, you need to have more than just an antivirus. While that is an important security feature, it won’t protect from everything, and hackers just might be able to get around it.
Any device you have that runs through the internet, from your smartphone to your cash register at work, can be hacked and you can lose precious and important information to thieves. From identity theft to robbing your bank account blind, hackers know how to get in, so you need to do everything you can to keep them out. [Read more…]
Securing Yourself And Your Business Online
Whether you are running a business online, banking online, or simply playing games online, you need to do what you can in order to protect your identity and your credit cards and bank accounts. Just because there are risks online doesn’t mean you should stop using the internet, since there are just as many risks shopping at your favorite local store or pumping gas at the station on the corner.
In fact, you can probably protect yourself more when shopping and playing online, since there are ways to protect your computer and to make sure you are paying for things securely. These days just paying at the pump for gas is a risk to your bank account, not to mention the card scanners that can steal your credit card information while it’s in your wallet or purse. [Read more…]
5 Benefits of Information Technology for Small Businesses
If you own a small business, or even a Fortune 500 company, you need to have a solid information technology department on your side. Information technology, also commonly referred to as IT, is an expansive term that encompasses all forms of technology, from computers and software equipment to phone systems and operation devices.
Here are five benefits for small businesses that have an IT department. After reading this article, you should consider integrating other portfolio and business management products into your company’s regimen to help it run smoother. [Read more…]
Fraudsters’ Opportunities in New Products
For every product that creates much public excitement, fraudsters get equally excited as they spot opportunities for defrauding unsuspecting consumers. A much awaited product like the iPhone 5 is expected to create a long queue of customers waiting to get their hands on the first delivery. It is quite common therefore for many eager-beavers to try to find a back-door to have one if purchasing from established points is difficult.
There is much pride in being one of the firsts to be seen in public using a highly-desired product. Although the hype does not necessarily translate to product excellence, this fact rarely dampens the excitement for a new product especially if it is being raved about from all quarters. This is exactly the attitude of consumers that fraudsters are looking out for to carry out their plans.
Fraudsters are on the look-out for deal seekers who intend to get their hands on a desired product at all cost. These are the people who are more often willing to put caution to the wind and enter into deals that they believe will help them achieve their objective. It is quite unfortunate that many people who want to be the first owners of a much-coveted product end up being the first victims by virtue of the desire to have such product.
A little patience goes a long way in ensuring that an excited consumer will not be tricked into entering a fraudulent transaction. Many fraudsters will promise quick delivery and disappear forever after getting the money of unsuspecting buyers. Others will opt for online scams by attracting consumers with emails containing hard-to-ignore deal offers for products, only to turn out to be phishing scams that effectively extract financial information from credit cards or bank accounts.