Tips For Credit Card Security Management

As the era of electronic communications became the integral part of everyone’s life we more often tend to use its advantages and unfortunately underestimate threats. Internet enabled almost unlimited knowledge exchange which is totally uncensored. Fraud schemes are the essential part of this knowledge shared also. The simplest thing is that “acquirers” (in banking terminology “acquirers” mean those who accept credit cards as payment method) cvv shop are mostly unable to give the 100% transaction security. Before charging your card for something you buy (having breakfast in the cafe, paying any Internet services, buying house, taking cash from ATM) the signal has to reach the “emitter” (the bank which emitted the card you’re using) in order to check whether you have enough money on your balance. Unfortunately this signal goes through networks which cannot be properly controlled this means that anyone can get access to it and use it to his own purposes.

Of course this signal is encrypted but as I’ve written above “… everything can be cracked”, it’s just a matter of time. The first thing you should remember is that nowadays it’s much easier to steal electronic money from your card rather then cash from your pocket. I don’t want to write the carding-promo article, buy cvv so I suggest you simply get it on faith (“carding” means illegal cards related activity). Every time you use the credit card you’re often risking the some sum of money that is not yours. I’m talking about risking the credit line you’ve received from a bank. If your card is stolen, the credit line is stolen too. Consider that when you use your card on shady Internet sites or external ATMs. So, the only thing which can really reduce the risk of cards usage is your own discipline and some easy tips.

Tip 1 Don’t save your money on the credit card you use on the public sites or external ATMs. As you don’t keep your savings in the purse you’re carrying with you all the time, never keep all the money on the credit card you’re regularly using for everyday payments. Simply keep the necessary sum on balance to provide you with the money you need for everyday purposes. If you open several cards in one bank, the money transfers between them are often free of charge.

Tip 2 Open separate card for Internet payments. Just keep there the sum for certain payments. Always define the sum you’re keeping there to be affordable to loose. You should understand that Internet is public and it’s the most dangerous environment for the card-holders. To charge your card it is necessary to have card number, buy fullz “active till” date, your name, CVV code. So don’t give this data to anyone asking except the situation you’re filling the card form while buying something. Always check the address line of the page which contains the card-data form. The address must begin from “https://” (protected connection) and the domain name must be the same the main page has. Of course, these requirements are impossible to be always met, but you should double your attention while using your card on such sites. Never follow the links leading to the pages asking to fill in your card data, password, login etc, if you’ve received it via e-mail or found on the pop-up window. Don’t even tell the sites you’re using to the persons you don’t know personally. Scammers often fake the messages from such sites, asking to re-enter your card data or something similar.

Tip 3 It’s much safer to use ATMs located inside the bank branches or near them. The most risky are those ATMs which face the street (so called “external” ATMs), there are also no visible security cameras and street lamps. Scammers often use such ATMs to make the card copies. Before inserting the card into the ATM, check for suspicious devices near it. Skimming devices are often made to be considered as a part of the ATM for not to attract victim’s attention. You can notice something suspicious if you’re cautious enough.

Tip 4 Never throw away the ATM receipts or any other documents which contain the data about your transaction. Keep them in secure place or throw them away at home if they’re really useless. NEVER do it near the ATM or bank branch you’ve made the transaction in. A lot of scammers check the bins near branches and external ATMs to find something to help them in fraud schemes.

Tip 5 Always keep your presence while using your card in POS-terminals. It takes a few seconds to make the card copy or simply write down your card data (card number, name, CVV, expiry date). So, keep an eye on your card while the waiter/salesman makes the transaction.

Tip 6 Don’t let anyone see your PIN-code, because it’s almost impossible to contest the operation claimed to be fraud which was made with using the PIN. You’re the only person the scammer may learn your PIN from.

Tip 7 “Scammers hunt the card balances, not cards itself” Don’t let anyone learn your card balance. Scammers don’t risk stealing the card which has a couple of cents on it. If the scammer learns your balance and finds it worth risking, consider your card already stolen. It’s just a matter of time. So, if you suspect someone you don’t trust, has learned your card balance, close your card ASAP and open another one transferring all the money on it.

These are the simplest tips to follow if you want to minimize the risks taken while making your credit card everyday transactions. These tips are taken from my own experience when I’ve been working in the fraud investigations division in commercial bank.

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