Prosecutors say they've busted a ring of computer hackers working on a scale never seen before. As many as 130 million credit and debit card accounts were breached. That raises new concerns about how consumers can protect themselves from fraud. I found a couple of websites which offer some safety tips. I chose to share the one from the website www.dslreports.com.
Protect yourself from online credit/debit card fraud?
1. Be suspicious of the browser window used to enter payment information.
- Most, if not all, legitimate businesses use SSL encryption and have a "lock" symbol either in the browser address or on the bottom of the browser.
- A URL for a secure website will begin https:// instead of http://.
2. Be informed: research the company's background history at Resellerratings.com or at Bizrate.com
-It is better to find out beforehand that a company is bad than to order and never receive the item or have it arrive very late.
3. What about credit or debit cards?
- Most, if not all, credit cards offer fraud protection from unauthorized charges in the form of fraud "chargeback" protection.
(A chargeback is where the card issuer, such as a bank, will take the money back from that company in addition to a fee for processing the chargeback.)
4. Protection for debit cards (check cards)
- It depends on the card issuer.
Some banks, such as Citibank offer the ability to generate a one-time use number for purchases.
Visa cards: debit (check cards) & others
- Most banks/credit unions issue these and usually offer some protection.
- Please inquire with your card issuer for additional information.
Visa has a "zero liability" policy available. It applies to both credit and debit cards. »www.usa.visa.com/personal/securi···ity.html
Other helpful Information:
Most credit/debit card issuers may call you in case of "suspicious" activity, such as making several expensive purchases or if the expensive item is to be shipped to a third world country such as Nigeria.
Protect your money and take every pre-caution to prevent fraud.