Facebooktwittergoogle_plusredditpinterestlinkedinmail

Credit card fraud is on the increase today despite effort being made to sensitive credit card users about such fraud. One wonders why these fraudsters are still succeeding. Does it mean that credit card users are careless with their credit cards? Why do these fraudsters still get access to their credit card details? The answer to these questions is partly because these criminals are becoming more sophisticated and they have developed multiple methods of perpetrating their evil deeds. Another reason why they do succeed is that a good number of credit card users are still ignorant of these means used by these criminals. Some are careless with the way they use their plastic cards. Some don’t even know that credit card fraud is real. Here , I am going to expose some of the tactics they employ in stealing the money of credit card users. To stay safe use BIN checker pro.

Skimming

With skimming devices, it is possible for credit card criminals to obtain credit card details of a person without the person knowing what they are doing. The skimming devices are available in several types. There are portable ones that they can use to copy card details when their owners are not observant. There are other types that can be secretly attached to machines that accept credit cards such as ATMs or in some strategic places where these machines are kept. Sophisticated ones which feature video recorders for filming the PIN numbers are now available. When they get all these details, they will now replicate their victim’s credit cards and use them to make purchases or withdrawals.

Contactless card fraud

Improved technology has made these criminals to also improve their strategies. Today, there are skimming devices that do not need to have any contact with cards or the card users before obtaining the credit card details of a victim. With these devices, they can skim a card which is inside a wallet or pocket of the victim. Some of these contactless cards can read credit card details that are within the range of 80cm from where they are. The best way to avoid being a victim of such crime is to put your credit card in card holders made from metals like aluminum foil. These sophisticated machines for now cannot penetrate through metals.

Phishing, spoofing

This is one of the oldest methods used by credit card fraudster. They are still using it today even though many credit card owners have become aware of this strategy. They will send bulk unsolicited emails claiming to be credit card service provider. In the email, they will request for some important details of recipient cards giving plausible reasons why such data are needed. Delete any unsolicited emails. If you are not sure whether they are from your bank, contact your bank’s support to find out if they are the sender of the email.

Vishing

This is also called courier scam. It is similar to phishing. The major difference is that the crime is committed via phone call.

Pharming

Here, the fraudsters fake a bank’s website and email the link to unsuspecting credit card users. In the email they ask the recipients to provide some details of their credit card as in phishing.

Identity theft

Here, the fraudsters obtain details of the card of their victims and use them to make purchase without their authorization.