There are many fraudsters operating both off-line and online.
Here are some handy tips to protect you in this world.
oBe careful in stores too Although you are more vulnerable to a fraud scheme on the internet or over the phone, were you aren't physically present, you still have to be very careful when using your card in shops.
With chip and pin now used almost everywhere fraudsters will try various tactics to try and obtain your pin number.
When you withdraw cash at an ATM, always use your spare hand to cover the keypad.
This will stop anyone nearby from seeing you enter your pin.
Before using a cash point check the card slot to make sure there are not extra devices looking to rip off the details off your card.
o Always be on your guard Now that you have learnt about how to protect your card it is also important that you make sure that despite your best efforts someone definitely hasn't been able to steal from you.
Take time to go over your debit and credit card statements to make sure that you haven't become a fraud victim.
Using internet servicing is a great way to check transactions sooner rather than waiting for paper statements and minimising any loss from fraud schemes.
Often fraudulent card transactions are small as criminals test a card and look to bypass automated fraud checking systems.
Also they are more likely to go unnoticed so do check every transaction and query everything you are unsure about.
Keep statements in a secure place until you are sure they aren't of use any longer.
oCold callers will try to defraud you Like via e-mail the bank will never ask you for passwords of pin numbers when calling you so if they are tell the caller you will call the bank back to ensure the call is legitimate.
If it isn't a fraud scheme there will be no problem and the small inconvenience of having to call back avoids the chance of being the victim of a fraud scheme.
Protect your business and avoid being a victim of fraud by attending the next Marcus evans fraud conference.
oInsure yourself The rise in Identity theft, fraud and similar schemes have brought about the emergence of a identity theft insurance schemes however they have other benefits such as covering legal fees and restoring your credit rating.
oIf you become a fraud victim Contact your bank and/or credit card company immediately to cancel your card.
There will be an emergency direct number to the fraud team to deal with your case.
It is important to report card fraud and misuse immediately as if the bank find out you didn't or gave out your PIN number then they won't refund your money back.
Don't leave yourself open to fraud.