3 Ways To Better Secure Your Credit Card Data
These days, as the concern over financial data theft increases, having the know-how of credit card protection is becoming crucial than ever. It was estimated that credit card data are more vulnerable to get hacked. In terms of prime targets, the most compromised industry is retail, followed by the food and beverage market and the hospitality sector. When it comes to credit card safety and general tips, most of it comes down to common sense. Here are 3 most common things that people do and get trapped in phishing attacks, identity thefts and financial disputes.
Making Transactions On Open Networks:
If you enter your card details to make transactions on open networks, the unencrypted data can be visible to the nearby computers. This means you are giving your financial details into the waiting hands of intruders or hackers.
Sharing Card Number And Details With Unverified Representatives:
You may have got a call from any strange person who was introducing himself as the representative of any certified bank. Well, it is important to not to share your card number and related details with any unverified representatives, else you will be a victim of phishing attacks.
Posting Or Sharing Photos Of Credit Cards:
It may seem obvious to you, but posting or sharing photos of your credit card may put you in critical risks. Details like account number, cardholder's name and expiration date are written on the credit card, you may feel smart by covering the initial digits of your card number, but these can also figure out by certain hacks.
Well, all you can do is taking security measures to prevent your credit card details from the hands of intruders. Click here to learn more about credit card fraud.
Here are 3 ways to better secure your credit card data:
1. Use Credit Cards More Than Debit Cards:
Most often, people use debit cards to make online purchases, if you are also the one, then this is the time to reconsider once. If the card details or any potentially fraudulent transactions are made without your knowledge, you will quickly get to know about credit card Vs debit card, which one is safer online? Well, the key difference is- With a debit card, you have to fight on your own to get your refund. With a credit card, the card issuer i.e bank has to fight to get your refund. Also in terms of legal perspective, credit cards offer more security against any fraudulent act or unethical hacks.
2. Vet Online Shopping Sites Before Making a Purchase:
According to the recent study from the FBI, the number one cyber-crime in the past year was related to online purchases. Yes! You may have found that online shopping is secure, flexible, fast and easy, but it also gives people an experience of credit card fraud, malware and even ransomware. Stay calm, it is not about stopping you to shop online but you need to be aware and follow certain practices-
Use Familiar Sites- First of all, make purchases only from the trusted and reputed site that carries everything under the sun. Commonly, some companies trick you by using a domain of different top-level brands. They misspell the name and use .net instead of .com or vice versa. Purchasing from the top-brand may entice you but it may burn a hole in your pocket. Thus, beware of the spellings and look for the https URL or the lock icon.
3. Consider Self-Destructing Credit Card:
Even with the increased number of fraudulent activities and reports out there, people who are crazy about shopping are still willing to purchase from online sites. Well, there are so many things to purchase online along with the exciting deals like Netflix, Amazon Prime and Spotify, were using credit cards is just unavoidable. Now the thing that you have to deal with is- Credit card fraud. This is when the role and importance of self-destructive credit cards have come into existence.
What Are Self-Destructive Or Virtual Credit Cards?
Self-destructive credit cards are also known as virtual credit cards, they provide safety against any credit card fraud. As per the Privacy, a virtual credit card website, whenever you make an online transaction, you have to request fora virtual credit card. To make the request easier, Privacy provides a browser extension that helps the privacy icon to appear in the form of the credit card. When you click over the icon, the virtual number appears on the screen and fills the form automatically. If any intruder gets to know about the card details, it's useless for them as they won't purchase because the card number has changed.
But here are the couple of things you need to consider before using a self-destructive credit card:
- Since your card number gets self-destructed automatically, getting returns is not always as easy as it seems.
- As your bank account is still active, you need to inform the service provider to secure your bank details proactively.
Concluding this, if you are a credit cardholder, you need to consider certain things to enjoy perks with your credit cards. In case of any fraud, you should promptly contact the issuer. CTG Tech is the leading IT company offering solutions for network security, managed IT and cloud services, that can be availed by credit card issuers to deliver reliable services to the customers like you. The company is known for offering the best-in-class managed IT services to almost all sorts of sectors.