Have you ever faced a problem of a sudden reduction in your credit balance from account unknowingly? How you ever thought of about when it happened and who did it? The cases of illegal access to credit cards and bank account are increasing time after time. People are aware of protecting self passwords and account details but sometimes full proof protection too cannot stop hackers to break the account and use others money. Credit card identity theft is increasing and people find out all possible ways to avoid it.
Criminals or thieves hack the personal accounts and access through personal data to commit credit card identity theft. Experts don”t require any special efforts to enter in to the credit card details. Unfortunately people have to face the problems occurred from identity theft and account hacking.
Criminal use of credit cards
Frauds can be regarding new accounts or old accounts taken over. Credit card holder”s liability is limited by the federal law to $50 if it”s a case of credit card identity fraud. This is applicable up to card holder disputes all charges in sixty days.
Avoiding credit card identity theft
The basic thing to do to avoid credit card identity theft is to protect the password and id from others. Keep checking the account balance from time to time to assure weather it is same as before. Avoid being a victim of identity theft by firstly providing full proof information to Credit Card Company. Sometimes some person may ring you and suggest you to apply for a new plan associated with prize or some scheme.
If you find the person unknown just try to ignore the offer. At the time of travel make sure to have your personal mail held at local office. If for any business transaction you need to transfer credit card details to other person make sure it is done in some private place and not on public booth.
While checking all details it is essential to receive monthly financial statements of credit card account, list of all transactions taken place through credit card for the month, and amount for the same. If such details are not at your desk at the end of the month from the credit company it”s your responsibility to call the company and ask about it. Checking for unauthorized access to data needs to be done to avoid any kind of reduction in balance. You yourself can avoid any kind of credit card identity theft.