![]() ![]() The microchips being introduced on credit cards in the U.S. Card companies also are working on biometric authentication, such as fingerprints. Consider a card with extra security features, like a photo ID.Sign your card to take ownership and to prevent someone else from putting their signature on the card.Remember that despite all this electronic use, a credit card is still a piece of plastic and the first order of business is to safeguard that card. The FTC urges consumers to treat credit card information like cash and to protect it accordingly. ![]() Perhaps a dishonest clerk or waiter takes a photo of your credit card and uses your account to buy items or create another account.” A retail or bank website might get hacked, and your card number could be stolen and shared. ![]() “A thief might go through the trash to find discarded billing statements and then use your account information to buy things. “Theft, the most obvious form of credit card fraud, can happen in a variety of ways, from low-tech dumpster diving to high-tech hacking,” the Federal Trade Commission warns on its website. And it has become more important than ever to protect the keystone of all this electronic commerce–your credit card.Ĭredit card fraud has become one of the most common forms of identity theft as hackers and other fraudsters steal this information to carry out transactions in your name. It keeps getting easier and easier to pay with credit: online shopping, ride-share apps, swiping your phone at the grocery store and myriad other ways to digitally speed your transaction.
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