How I Handled Credit Card Fraud (for the Fourth Time)

Source: National Cyber Security – Produced By Gregory Evans

Credit and debit card fraud is inevitable today. In just over a year, I’ve experienced four bouts of fraud: one with a debit card and three with credit cards. The experiences changed the way I access my cash and swipe to make payments. Dealing with Debit Card Fraud I opened my banking app to deposit a check, and a jolt went through my system. My checking account had suddenly dropped by $600. I scrambled to check recent transactions and noticed two large ATM withdrawals had been made for $300 each the day before – transactions I had not made. Two minutes later I connected with my bank’s customer service department and reported the fraud. I was given a $600 temporary credit on my account while the bank investigated and ultimately found me not responsible for the transactions. I didn’t know the thieves, but I could immediately identify how and where my card had been skimmed. In an attempt to mitigate risk, I rarely use my debit card because I know it’s more difficult to deal with and flag the fraud than it is with a credit card. For that reason, I only use a debit card to take out cash. […]

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