Security

How to Protect Yourself Against Card Fraud

How to Protect Yourself Against Card Fraud

How often do you reach for cash when making a purchase? For most Americans, it’s not often, and the bigger the purchase, the higher the chance of using a card. According to a recent survey from Forbes Advisor, 91% of American transactions are made with a credit or debit card. Fraudsters are aware of these statistics, too. You can prevent an interruption in your ability to make important purchases by safeguarding sensitive card information. This includes reporting a lost or stolen card to your financial institution immediately. Yet, even if the card stays in your possession, there are ways that your card information can be used fraudulently. Let’s revisit two of these criminal practices, one old and one new. When you understand these techniques, you can be your own superhero and stop fraud ...

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