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In identity theft solutions of Advisor (August 6, 2009 5:16 pm)

A lot of people wonder if there are any ways to avoid credit card frauds. This article will help you find out how you can actually do that. Even though there are a lot of security safeguards for the credit cards, however, you should know that the amount of credit card frauds growth all the time. It seams that the fraudster is always one step ahead, in stead of being behind as the security measures also improve each year. In the UK, for example, the value of the fraud went up to 610 millions pounds, in last year. And this shows an increase of frauds to 40 percents in last two years.

Also as the economic recession becomes deeper the frauds happen more often. And also you have to know that a lot of credit cards frauds take place via the internet or the phone. Maybe this is hard to believe, but it is far more serious than you can even imagine. It is a lot easier for the card fraud to commit a crime via mail order or over the phone, because the cardholder is not present at the point of the crime. And you can’t see the fraud, either. It is easier to commit that type of fraud, because this is much harder for criminals to use the stolen card. As you can remember in 2006 was introduce the chip and pin card technology and the system resulted in decrease of the credit fraud.

Although a lot of credit card frauds happen, but the progress is also moving ahead. For example, in near future the new security system will be launched to make the credit cards more secured from the frauds. New credit cards will have keypad in which you’ll have to tap in 4 digits and after you do that you also have to tap an 8 digit number into the site on the computer; only after you do all of that the transaction will proceed.

Credit experts advice you to keep the cards in sight when make the transaction and that will helps prevent the so called skimming. Also you should remember to cover you card when you enter a pin number. You should keep the details about you card away from the charity collectors and other suspicious persons. If you often do the internet purchases, you should change your password more often. And use only secured be http web.

Finally, if you find out a transaction that you did not make this is the time to block your card. And if you don’t find any problems, don’t forget to make check the bank statements any way. You have to be very attentive, because there are too many criminals that want to get hold of you card information and use in criminal way

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