Shield Against Credit Card Skimming

By J.Alex- Jan 8, 2024

In today's digitized shopping landscape, safeguarding your financial information is paramount. Here are actionable insights to help you shop securely and shield yourself against credit card skimming.

Beware of 'phishing'
What it is: Phishing is a scam to trick consumers into revealing personal information, including credit card numbers. It can occur via email, phone, text or snail mail. Phishers sometimes try to gain trust by using familiar logos and company names in misrepresenting themselves.

Fraud prevention: Be generally wary of requests for personal information, regardless of the source. Independently verify the legitimacy of those requesting your credit card number.
Mitigate Risks: Use Separate Cards for Autopay and Everyday Spending

Consider assigning a specific credit card solely for autopay purposes—such as handling wireless bills and online subscriptions. Ensure this designated card remains exclusively dedicated to these payments, avoiding its use elsewhere. By limiting its exposure during retail transactions or at restaurants or gas stations, you reduce its susceptibility to potential breaches. For everyday expenses, rely on other payment cards.

Though this approach won't prevent fraud on your everyday spending card, if one card is compromised, at least you won't grapple with changing autopay details and risking late fees.

Maintaining a record of where your credit card numbers are stored is generally advisable.

Embrace Phone-Based Payments

Leverage smartphone payment services like Apple Pay and Android Pay for safer in-store transactions. These services employ tokenization technology, dynamically altering payment details with each transaction. Consequently, merchants never obtain actual credit card numbers.

Moreover, these services often necessitate unlocking via personal identification numbers or biometric recognition, such as fingerprints, fortifying security.

» MORE: Utilizing Credit Card Tools to Safeguard Against Fraud

Cautiously Consider Anti-Fraud Services

Photo byJosh AppelonUnsplash

Credit monitoring services often claim to avert identity theft but typically alert you post-incident. Their value tends to align closely with what you could accomplish independently. Notably, your liability for fraudulent credit card purchases is limited, minimizing the necessity to pay for additional insurance or services.

Practice Security Vigilance

Avoid sharing credit card information on social media platforms.

When conducting phone-based card purchases, adhere to best security practices.

Refrain from permitting others to use your card.

Exercise caution with credit card transactions in public settings or on public Wi-Fi networks.

Enhance online password strength by employing unique combinations of letters, numbers, and special characters for each account.

Dispose of unwanted documents containing credit card details by shredding them.

Maintain updated apps and antivirus software.

Trust your instincts; avoid using suspicious websites.

Damage Control: Limiting Potential Harm

Swift action is crucial if your wallet is stolen; begin by canceling compromised credit cards.

Monitor financial statements diligently, checking for unrecognized transactions. Utilize card issuer apps and text notifications for real-time updates.

Regularly review credit reports, taking advantage of the free annual credit reports from major bureaus. Periodically checking for unfamiliar activities, particularly new unrecognized credit card accounts, is wise.

[Credit] Attorney General

An identity thief can wreak havoc by misusing your personal information without your knowledge. The consequences may include accumulating debts or even committing crimes under your name. Mitigate this risk with these essential tips:

Stay safe while shopping in-store and online.Photo byDe an SunonUnsplash