Friday, November 25, 2022

How To Protect Your Credit Card Online

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Don’t Share Account Information

How to protect your credit card when shopping online

Be cautious of sharing account information as it can easily fall into the wrong hands.

  • Never email account information: You should never email your credit card number or account information. If a merchant asks you to, you should immediately be suspicious.
  • Don’t say account information where others can hear it: If you need to give your credit card information over the phone, be sure to do it in a private space.
  • Never give your social security number: You’ll never need to give out your social security number for everyday purchases. If someone asks you for it, you should be suspicious.
  • Shred docs or go paperless: Don’t just throw out old credit card statements and bills shred them so no one can get a hold of your account information. Better yet, go paperless.

Use Your Credit Card Apps Security Features

  • Two-factor authentication: If someone does get their hands on your credit card account’s login details, setting up two-factor authentication can block them from accessing more information. In addition to your login and password information, it adds a second step like requiring a passcode via text or email to ensure that youre the one accessing the account. As a general safety practice, avoid using the same login and password on different apps and websites. Especially avoid repeating your credit card account’s login details on other merchants’ apps or websites.

  • Account alerts: You may have the option to set up alerts via text or email for card not present transactions . You can also do this for instances in which the balance and/or transaction exceeds a designated amount. Or you can simply set up alerts for transactions of any kind. This can help you spot unauthorized transactions and dispute them quickly.

Craig Young Tripwire: The State Of Security

This active contributor to Tripwire is a computer security researcher for their Vulnerabilities and Exposures Research Team. His work in the field has been responsible for disclosing a considerable number of security risks with industry giants like Google, HP, Apple, and Amazon.

If anyone knows how to spot a weak point in a system, its Craig.

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Payment card security from a consumers perspective is a tricky subject, and no matter what precautions are taken, there is always the possibility for card numbers to be stolen.

As such the first and perhaps most effective countermeasure against fraudulent charges is the vigilant card holder. I recommend checking online card statements on a weekly basis and promptly alerting the card issuer of any unrecognized charges.

This is a general best practice for using payment cards but there are also some more specific precautions for eCommerce:

Avoid using debit cards online, as they do not always provide the same degree of fraud protection as a traditional card.

Use a specific credit card for online transactions, and nothing else. By consolidating charges to a particular card it becomes easier to review for and recognize fraudulent activity on the account. Some consumers go so far as to report cards as lost or stolen on a regular basis such as every quarter or every year.

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Be Sensible About Where And How You Use Your Card

Reduce the chance of falling victim to a large-scale breach by not allowing the retailer to store your credit card details. Enter your credit card details each and every time you make a purchase.

Make sure to use a separate password for every account you make with an online retailer. A password manager is the easiest way to generate and store unique passwords across sites.

It might sound obvious, but don’t type your details out in public view where people can see your screen. Also, avoid connecting to public Wi-Fi networks if you’re shopping on a mobile device and use your cellular data instead.

Neira Jones Security Blog

12 Tips to Keep Your Online Credit Card Purchases Safe ...

Neira has the perfect combination of experience and expertise in both the financial and security sectors. Shes both a director for security firm Cognosec, and a payments innovator for Payment Gateway. She sits on several advisory boards, and is frequently called upon for her expert opinion on issues of cyber security and electronic payments.

Here she gives a beginners approach to online payment security, with years of real world experience to back up the importance of these precautions.

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As we take advantage of sales, lets not forget to stay safe when shopping online:

1) Never make payments or shop online using public Wifi, more often then not, these free offerings are vulnerable and you risk getting your personal and financial information stolen.

2) Use multi-factor authentication where available. That extra layer of security may save you a lot of heartache . If multi-factor authentication is not available, make sure you use strong passwords, and never, EVER, use the same password for different accounts.

3) Beware of emails purporting to be from your bank of other payments institutions, such as Paypal, asking you to click on links to disclose personal details. These organization would never ask you to do this via email and email phishing can look very convincing nowadays.

5) Finally, make sure your devices are protected and keep your anti-virus software up-to-date.

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How To Shop Safely Online

  • Shop with big retailers.Its best to choose larger trusted sites for your shopping. The big guys really try to do their due diligence when it comes to cybersecurity, Woerner says.If youre unfamiliar with a vendor or website, do some research to make sure its legitimate, Velasquez says.
  • Watch out for fake sites.Fake sites mimic those of well-known retailers. For example, Target.com is the real site and the fake site might be Target.biz. Or a fake Walmart site could be off by just one letter that you may have trouble distinguishing, such as Waimart.com.To protect yourself, double-check URLs when you shop and bookmark retailers you use frequently.Also, watch for these problems that plagued that fake jewelry site reported by the BBB: poor grammar, social media links that dont lead to real social accounts and notices about international shipping charges.
  • Make sure the site is secure.Reputable online retailers provide secure transactions through encryption on their sites. If youre not sure a site is secure, use an online site security checker to see the security grade of the site where you want to shop.Just look at the letter grade, and if you dont see an A you should question the site, Woerner says.Also, look for the letters https in your browsers address bar. The s stands for secure and means your communications with the site are encrypted. Never input your credit card information on a site that doesnt have https, Siciliano says.

Wallet To Protect Credit Cards Reviewed In 202: Top 10 Recommendation And Buying Guide

Take the Following Factors Into Consideration Before Setting Out to Purchase Your First wallet to protect credit cards.

Open the Google search bar and look up for any product review. market place products bag the top position, right? There should be a reason behind mass people running after market place products.

Not only is market place a trustable platform, but it also communicates directly with the manufacturers. So, for instance, what would be more feasible for you purchasing a new laptop from any retailer or buying directly from a manufacturing company?

We would indubitably choose the latter option.

Having thousands of manufacturers globally, market place functions like a third-party. One plus point of market place might be that it provides a comprehensive guide for each laptop model.

As all the vivid descriptions of every consumer reportsHDMI cables are available, it gets easy to decide properly.

For example, you can go through the guide that features information about the wallet to protect credit cards specs, including function, brand, and size.

Looking for best wallet to protect credit cards having particular features? market place got your back. With its best searching tools, you can go through the list of preferred laptops. Then, select the one that matches your key feature expectations.

It is crucial to do your own research for the wallet to protect credit cards. While buying, you might ask the following questions:

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Sign Up For An Identity Theft Protection Service

Identity theft can be a big headache to resolve, especially around the holidays, but signing up for an identity theft protection service can protect you. Services like Identity Guard and LifeLock® scan the dark web, alert you of data breaches, and track misuse of your social security number. Plus a hallmark of these services is identity theft insurance, which reimburses you for expenses, like lawyers and stolen funds, when your identity is compromised.

Use A Private Device And A Secure Connection

Protecting your credit card number

Shop in private, away from curious eyes and potentially prying public devices.

With a communal computer say, in a library or lobby websites can save login information and leave accounts vulnerable to the next user. Even if you log out of a public computer, you run the risk that spyware might be installed that can record keystrokes and gain access to usernames, passwords, credit card numbers and personal information.

Using your own personal laptop or tablet is safer, but its not entirely foolproof. Information can still be stolen over a public Wi-Fi connection. Shop online only with a personal device and a private Wi-Fi connection. You might also consider subscribing to a virtual private network, or VPN, which can encrypt your data. It adds a layer of security to both private and public networks.

» MORE:Cybersecurity and identity theft guide

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Defend Against Dumpster Attacks By Shredding Your Old Card And Pin Letter

The chances are you will receive a new card while the old one is still valid. Make sure you shred the old card as the card number will be the same. Similarly, shred the letter that came with your new card and the letter with your PINthough be sure to store it beforehand in your password manager!

If you dont have a shredder, then I recommend buying one which does micro-cut shredding, as visible in the screenshot above. They make it very hard to reconstruct documents and are not much more expensive. Additionally, with micro-cutting you cant shred documents in the wrong direction, which leaves them open to reconstruction, like in the Enron case.

At home I use the , which has worked flawlessly so far. As visible in the screenshot above the resulting micro-cuts are what you expect from a micro-cut shredder. Overall a shredder is a good investment as you should shred all bank statements, insurance letters, bills and other sensitive papers to avoid dumpster-diving attacks. It is also a great gift next time you don’t know what to offer for a birthday 🙂

What Is A Virtual Credit Card

A virtual credit card is a temporary, disposable credit card number. By using a virtual card number for online and over-the-phone purchases, you can better protect your actual card number. This reduces your risk of identity theft and credit card fraud, two crimes that have become more and more common.

To get started with virtual credit cards, you need to know how they work. Here’s a closer look at that, their benefits and drawbacks, and alternative options.

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How To Protect Yourself Online With Disposable Credit Card Numbers

Scammers cant steal your real credit card number if they never see it. We offer four options that help you protect your bottom line by using disposable credit card numbers when you make purchases online.

Making an online purchase is an exercise in trust. After all, to buy something online, you have to reveal enough information about your credit card that the recipient could also use the card to buy things. Thats a problem! Fortunately, there’s a way to protect online payments you make by using a masked credit card number instead of your real account number. When you use a masked credit card number, you get a new, unique credit card number with an expiration date and security code. This new number gets linked to your normal credit card account, but the seller never sees your real card details. You can sometimes put a limit on spending for the new number you create, give it a specific expiration date, and freeze or cancel it any time. This is an excellent way to secure your financial information.

Many people don’t know they can mask their credit card number when making a purchase, even though a lot of credit cards offer it. Plus, in the last few years, there has been more emphasis on getting people to use token-based systems for secure transactions instead, sometimes called “virtual credit card numbers” . Still, masked credit card numbers have unique advantages. If you’re trying to stay on top of your personal finances, it’s a great perk to learn about and use.

Lets Talk About Security: 8 Tips To Keep Your Credit And Debit Card Information Safe

How You Can Protect Your Credit Card Information When You ...

Taking measures to ensure credit card security is essential to protecting your personal banking information and lowers the risk of fraud. All credit cards have a security code that is three or sometimes four digits on the back of the card. Typically, you need to provide this security number when shopping online for verification purposes. Also called the CVV, each code is unique to a specific card.

The best way to keep your credit cards safe from any fraudulent activity is to share your card’s CVV only when you need to. Most credit card companies like Visa or Mastercard offer fraud protection, meaning that you are not liable if your card is stolen or lost.

Ultimately, as a cardholder, you are responsible for looking after your card day by day. Fraud is always a risk, but effective strategies exist to help you minimize that risk. Read on as we explain them further.

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The Habit Of Storing Banking Details

When it comes to storing credit card details, people around the world have very different habits. NordVPNs research has shown that almost half of Americans store their banking information on their personal devices, followed by Spaniards , Canadians , and Australians .

Many customers are still unaware of how hostile the internet can be. Various surveys have revealed that at least half of users dont lock their phones. This means that even a random stranger could access your social media accounts, emails, notes, and payment platforms without any additional effort.

While the Polish and Dutch care about their credit card safety the most among the surveyed countries, the percentage of people risking their security is still too high.

How To Report Credit Card Fraud

You should report any fraud on your credit card by:

  • Use Action Frauds online tool to report the crime, or call them on 0300 123 2040.
  • You can also report financial scams, such as investment fraud, to the Financial Conduct Authority .
  • You should also contact credit reference agencies – , Equifax, Experian – if someone has applied for a credit card in your name.
  • Contact the Royal Mail Customer Enquiry Number on 03457 740 740 if you think your post is being stolen or redirected without your permission.
  • Contact the issuing organisations for any lost documents like passports or driving licenses.
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    Can I Use A Debit Card To Shop Online

    You can, but experts like the Privacy Rights Clearinghouse generally caution against it. Thats because if the card is compromised, funds are taken directly from your bank account. There are consumer protections in place, but it may take time to resolve the issue and in the meantime you may be out the cash.

    Its a different feeling, to see money gone from your bank account, said Odysseas Papadimitriou, chief executive of financial website WalletHub.

    Use Virtual Card Numbers

    How to protect your credit online

    Using virtual credit card numbers provides an excellent means to be sure that your credit information remains safe while shopping online. Virtual card numbers are limited-use tokens linked to a concrete credit card account and generated by an extension or app for exclusive use at the time of purchase. This means that the card number isnt valid anywhere else, even though its linked to a credit card account itself.

    When you make purchases online, if the virtual number youre using is intercepted because the transaction wasnt as secure as a site led you to believe, or if a data breach affects the vending website, an aspiring thief wouldnt be able to use your card anywhere else because after your purchase is complete, the virtual number is no longer valid.

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    Consider Credit Monitoring Services

    like and IdentityForce® can provide you with an early notice of potential fraud on your credit report, so you can take action to protect your personal information. These services check for changes to your card balance, new accounts opened in your name and may even scan the dark web for signs of your personal information.

    Limit Your Risk With One Account

    Designate just one credit card for all your online purchases. This way, you keep yourself from exposing multiple accounts to hackers and can easily check for suspicious charges. Some banks even offer special cards for online usage. Get set up to receive text message or email alerts each time a purchase is made on your account. Whenever possible, check out as a guest when making a purchase instead of creating an account that stores your card information in a profile, too.

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