Scams are pretty much on every corner of the planet! Its like they are a part of the economy. Scammers are everywhere just waiting for you, waiting for an opening then they will strike. Some scammers will do their heist personally. They just sit on their chair and use a computer with internet and they can scam anybody so naïve just like you. The scam I am about to share to you is about credit card scams. Here are the five common credit card scams that you need to be aware off and easily prevent you from losing money.
Credit card scams mean when the hackers stole the card information through several methods or schemes that the naïve victim fall into. Hackers have high-tech knowledge of taking third party information well such as your credit card information that involves your name, credit card number, the CVV code and expiration date. Which all the information needs to start using your credit card.
Scammers uses the credit card and making legitimate purchases and making any payments online or even shopping locally if they have copied your whole credit card. Hundreds if not thousands fall trap on these credit card scams.
You should be glad that banks are upgrading their security system and providing their users a better and more secure banking experience such as enabling two-factor authentication method when buying something, they are hiring investigators to easily detect if anyone tries to hack the bank accounts’ information.
Table of Contents
Here are the top 5 Credit Card Scams and How You Can Avoid Them
Credit card or save up to a certain extent when the person uses the card with proper safety. Till today thousands of scams have taken place. Nowadays, people use credit cards at several places like while shopping online, purchasing online games, etc. The hacker installs software at different websites, which helps them to provide all the information.
The Top Five Credit Card Scams
1Fake Shopping Website
Hackers create their shopping websites and offer various discounts to attract customers. This is one of the most common credit card scams that every user can run into.
The primary purpose of making the website is to hack the card information of online shoppers. It is one of the simplest ways to create a scam and many falls for it. Especially women where they are so naïve with online hacking / scamming activities. The online payment technology has made payment easy but has also given rise to hacking.
Many people save their credit card information on an online website to make transactions in the future easily. The team of hackers steals the collected data. The person should prioritize cash on delivery instead of using credit cards.
2 Fake WIFI connections
Many hackers trace the wifi details and try to hack personal information. Always buy products from genuine websites using only your trusted internet connection such as your own phone data. Or your own internet data device. They just connect to a FREE WIFI establishment as you do not know whose reading your data transmitted.
Be attentive while choosing WIFI network because it may cause a significant loss to the account holder.
3Online Gaming Websites
Many people love playing games online. A lot of these games has their own monetary system that you can buy using real money and purchase your favorite item or character on the game. Avid players tempted to buy and eventually when they do they enter their credit card details to buy the game or credits or gold of their favorite game.
This method is fairly similar with the fake shopping website. Hackers target online gamers since some of them are just kids that uses their parents credit card which make them perfect victims.
4Phone Call Frauds
Phone calls fraud is the simplest way to ask the information from the account holder. Hackers place the fake call and ask for the card details by creating a bewildering conversation game to the victim. Sometimes they lie to the users that their account is getting close, so if they will ask for your credit card information to avoid that from happening and the naïve victim provides the information.
The victim just handed out his / her credit card details and then minutes later you found out there has been a $5,000 worth of online purchase using your credit card.
5Game Account Hacking Scam
The scam / hacker will hack players game ID and password I don’t know how they could hack your game profile such as your Steam account but assuming that they do, they will use your saved credit card details and make another game purchase and send those details on their own accounts. The same card details are used to purchase other games.
The hacker keeps using the card until the balance gets to zero. The young generation is more into online games, so they need to keep their card details safe.
Nowadays, one should be careful when making purchases using their credit cards and protecting their identity online. Many hackers have evolved and are better on what they do. Making fake websites is one thing. They are not only creating shopping websites but also making video games that attract kids. Some don’t even need to leave their house just to scam somebody. Children have the least knowledge of credit cards. Everyone should be responsible enough on their finances.
Taking care of your credit card is one of those. Go here for more detailed tips and tricks to avoid credit card scams. I hope you learn something and enjoyed the reading.