7 Ways to Protect Yourself from Credit Card Fraud

By Yetun March 2, 2017 Uncategorized No Comments

Credit card fraud is not a new subject but for Canadians, it not be the number thing to keep in the back of your minds. A study has shown that most of young Canada is not protected from this illegal act. For the most part, millennials are naive about it; they share PIN numbers with friends and family, joting down the PIN on the card itself, etc. This is just opening them up to fraudulent acts by individuals for are lurking in the cyber darkness.

1 in 4 believe that they have targeted by phishers last year

Millennials between the ages of 18-35 are more twice likely (25%) to share their PIN with friends in Canada
5% use the same numbers from personal information in their PIN
40% are “guilty” of sharing their PIN with family and friends
Almost 50% have given their PIN over the phone or social media

WAYS TO PROTECT YOURSELF

Discernment.

Learn to be more sensitive to liars and imposters who make it seem like giving out your personal information is normal, okay.

Research.

Don’t take anyone at face value; find out who they are. Either as an individual or company.

Caller ID.

Do not always trust technology. It can be easily hacked. SO be very, very, attentive.

Do not waste your time on robot calls.

Question free trail offers.

Change your password as often as possibly.