A thief doesn’t need to steal your wallet to get a hold of your credit card details. Card cloning is becoming more and more common form of credit card fraud.
One method that thieves use to steal credit card details is cloning or skimming. A credit card is cloned by copying the magnetic strip found on the back of the card, using a device that is illegally attached to a tampered terminal. More often than not, the retailer doesn’t even know about the fraud. The copied data is then attached to phoney cards and used until the card owner notices something is wrong. Thieves can also steal your credit card details by accessing the payment information you enter on websites with no or poor security protection provisions in place.
Frequently check your credit card statement to make sure there are no unauthorized charges.
It is difficult for frauds to use your card if they don’t know your PIN. Protect your PIN.
Before you provide your credit card information on a website, make sure the site is secure. The URL should start with ‘https:’ not just ‘http:’. Also read the companies privacy and security policy.