Credit/Debit Card Fraud – How To Prevent It?

Reader needs practical with attempted credit/debit card fraud.

Really I am seeking some suggestions on this one. What do you do to limit fraudulent attempts to use your credit or debit cards? I have had to cancel two credit cards and one debit card due to attempted fraud since January. Thankfully both companies blocked the attempts.

I think the most recent may have come through a PayPal phishing attempt saying my account was limited and I needed to update it. Yet one fraud department told me PayPal was the safest way to charge online. Another told me that Amazon is not a secure site.

Please just send me your suggestions.

Thank you.

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E July 28, 2012 at 02:42 PM
I've had excellent experiences with Amazon.com also. However, I don't do business with their recommended outside sites if I can't find what I'm looking for from them.
Still Hope July 28, 2012 at 02:57 PM
Dave seems to be a little out of date. A lot, maybe most merchants have a print out of the day's transactions, this includes CC #s and exp dates. So, even though you think you are crafty watching the cashier's every move or maybe you try to black out the numbers on the signed copy....they can just reprint it. Your copy only has the last 4 numbers, there's has it all. Another way that credit cards are compromised, probably what Karen is concerned about, is though fake e-mails. In about an hour, I can make a copy of a legit website that looks real but send me all the info entered. I would send you what appears to be a standard e-mail requesting you update your info, you click the link to say www.amazon.co (no m) and with one click you send me your whole life story. Another doozy is when someone actually does get your name and password for say paypal, you think you are safe by simply changing your password. Little did you know, it wasn't the paypal account they took your info from, it was from your e-mail! Someone can get ahold of your e-mail credentials and add their own e-mail address as a secondary forwarding address. So, when you changed your paypal password, the thief just got an update of your changed password to his e-mail address. Then there is wifi. Unlocked wifi is great. It lets everyone in the neighborhood attempt to get into your computer. Even if you have it password protected, someone with persistence can attempt to brute force your password.Tolstoy'd
Stephen Greenwell October 04, 2012 at 09:07 AM
I've deleted a spam comment from this article.
Megan Smith November 01, 2012 at 08:34 AM
There are technologies in the market place now that allow the issuers to decline transactions when a cloned or skimmed card is presented for use. One example is MagnePrint®. Think of it like a fingerprint, but a fingerprint of the actual magnetic stripe (not the data encoded onto the stripe, but the stripe material itself). No two are the same and they cannot be duplicated. MagnePrint already exists on every magnetic stripe card ever issued because it is a naturally occurring property that is part of the card from the moment the card is manufactured. It’s already in your wallet. Megan from http://paydayloansat.com/
Karen Paley November 01, 2012 at 10:32 AM
Thank you, Megan. But if MagnePrint is already there, how do you activate it? In each case, my bank has blocked the transaction, but I have had to cancel the card and get a new one.


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