The pandemic has led to increased crime risk all around the world and ‘credit card frauds’ constitute one of the most prevalent methods for swindling money. Common methods for credit card fraud: Lost or stolen cards: Often, fraudsters obtain credit cards by theft or by obtaining a lost card. In such instances, the fraudster tries to use such credit card information for online transaction or other purchases if they can get away without having to use a security PIN. Counterfeit, doctored or faked cards: Fraudsters use devices such a ‘skimmers’ to illegally…
Read MoreCredit Card Fraud: How It Happens and How to Protect Yourself
