- Credit card fraud is a financial fraud that occurs when someone uses a stolen or counterfeit credit card to make unauthorized purchases.
- In India, credit card fraud is a growing problem.
- Criminals in India typically commit credit card fraud by using skimming devices to capture card information or by stealing credit card statements and using the information to make unauthorised charges.
- They may also create fake credit cards or use stolen cards to purchase.
- No one is immune to credit card fraud, not even in India. In fact, credit card fraud is on the rise in India, with reports of fraudulent transactions increasing by 20% in the past year.
- One issue with credit card fraud is that you could become a victim, and if you do, there are consequences to be faced.
- The most obvious consequence of credit card fraud is financial loss. You may be responsible for the charges if your credit card is stolen or used without your permission.
- Another consequence of credit card fraud is damage to your credit score. Suppose an unauthorised charge appears on your credit report.
- Monitor Credit card transactions online
- Never Make Credit Card Information Public
- Immediate Reporting of Lost or Stolen Card
- Making Strong Passwords
- Using RFID-Blocking Wallets
- Monitor Credit card transactions online
- Never Make Credit Card Information Public
- Immediate Reporting of Lost or Stolen Card
- Making Strong Passwords
- Using RFID-Blocking Wallets