3 Simple Tips to Protect Yourself Against a Credit Card Breach
Credit cards are useful and many adults have one or more. You can use them to buy services and goods anywhere in the world.
However, credit card breaches do occasionally occur. A breach occurs when a hacker steals your credit card information. They can use it to commit identity theft or fraud.
There are ways to protect yourself against credit card breaches, however, and we’ll talk about them right away. Before we jump into those, it’s important to mention that you should always try to use credit cards responsibly. They are just tools, like financial software or a debt consolidation loan calculator. You’ll get the most out of it if you don’t overuse it.
1. Check your account daily
Now let’s move on to our tips for protecting yourself against credit card breaches. The first thing you could do is get into the habit of checking your credit card accounts daily. You can do this in the morning before you go to work or in the evening before you go to bed.
If it’s a habit for you, you’ll recognize it immediately when you see a load you haven’t done or can’t remember. If you see one, it doesn’t necessarily mean there has been a violation. It could be a mistake. Either way, checking the status of your credit card account every day means you’ll notice if anything is out of the ordinary.
2. Report unauthorized transactions
The next thing you’ll want to do is report any unauthorized transactions without delay. Again, seeing a charge you don’t recognize doesn’t always mean there’s something fraudulent. However, you won’t know until you look into it.
You can contact the credit card company and ask them to look into the matter for you. They can launch an investigation and get back to you with the results.
If you feel that the results of their investigation are not satisfactory, you can also involve your bank. If the credit card company seems unable to help you, the bank you linked the payment account to may be able to help.
3. Monitor your credit report
Monitoring your credit card accounts can tell you what’s going on with them, but you can also watch out for fraud by monitoring your credit report. Let’s say you suspect someone has hacked your credentials. Perhaps your username and password appeared on a report of a larger data breach.
If so, it’s possible that scammers are trying to buy things on your behalf. You can combat this by contacting credit agencies and asking them to freeze your credit report.
You can take this temporary action until you order new credit cards and change the passwords for all your bank accounts. Even after you have new cards and new passwords, you should still monitor your credit report for a while to make sure no one is impersonating you.
Protection from infringements is possible
Protection against credit card breaches can start when you get into the habit of checking your accounts every day. This amounts to an early warning system that allows you to spot any potentially fraudulent charge and dispute it immediately.
If you see unauthorized transactions on your account, contact the credit card company and ask them to investigate. If their investigation does not satisfy you, you can contact the bank to which you attached this card.
You should also request a temporary freeze on your credit report if your name appears in connection with a larger company’s data breach. Sometimes nothing will come of these breaches, but it’s best to order new credit cards and change your bank account login information, just in case.
These actions can protect you from possible credit card breaches and minimize any possible damage.