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Have you ever misplaced your credit card? What about ordered something online, but shrugged it off when the product never came?
Too often, seemingly innocuous activities pose more danger than you might think. Thieves and hackers are constantly looking for ways to acquire your information, whether it’s the old-school method of digging through your trash or more sophisticated tactics, such as hacking seemingly “secure” websites.
Although there’s no failsafe way to protect yourself, these steps can tilt the odds in your favor against fraudsters.
If you do fall victim to credit card fraud, call the credit card issuer immediately. By law, your liability for unauthorized use of your credit card is limited to $50. For example, if someone steals your card and makes $1,000 worth of purchases, you are still only responsible for $50. However, if you lose your credit card and contact the card issuer before unauthorized charges occur, then you can’t be charged the $50, since the lender can take steps to cancel your card.
Credit card fraud is a real threat in our digitally dominated world, but technology also allows us more opportunities to fight it. Take the initiative to protect yourself now, and you’ll save yourself a world of headaches, inconvenience and even monetary loss down the line.