mine was hacked just a couple of minutes after activating it even before I could use it . uber eats and uber taxi were the purchases over $700. fully refunded by the bank
Credit Card Fraud
- Thread starter Sailorz
- Start date
Yea, well mine was hijacked by UBER itself. Took two rides last new years and suddenly my card was getting dicked for $10.49 a month. Then the fun began. Try contacting UBER. Can't be done. No email. No phone number. Had to get the bank to cancel the card and return the fraudulent charges.
Load your credit and debit cards onto ApplePay or Google Pay(?) on your smartphone. The entire transaction is scrambled and I *think* that once you enrol and are verified, neither Apple nor Google even have your cc number. It's just a token with a rolling code.
Something else consider though is to use biometric ID (face or fingerprint) and not unlock your phone with a code. Scammers can observe your code and then later steal your phone and have full access!
That is the least secure method. Skimmers read the mag stripe and keyloggers/video record your inpiut. They can even determine keystrokes by your hand muscles when you think you've covered your hand.
Tap is the second most secure as the scammers still haven't cracked the embedded two way rolling encryption RFID chip communication
Apple Pay or Google Pay is THE most secure.
Last edited:
Also, don't use your Debit Card if you have a credit card.
As others have said, credit cards have fraud protection. If the money is stolen, it is STILL the bank's money, not yours.
If you use Debit card, it is YOUR money that has been stolen. They banks are not as motivated to fight to get YOUR money back for you.
Simply pay off your credit card weekly, or monthly.
Other benefits of credit cards are either the points or 2%-3% discount, possible purchase protection in the form of extended warranty etc.
And using and paying off your credit cards increases your credit score.
As others have said, credit cards have fraud protection. If the money is stolen, it is STILL the bank's money, not yours.
If you use Debit card, it is YOUR money that has been stolen. They banks are not as motivated to fight to get YOUR money back for you.
Simply pay off your credit card weekly, or monthly.
Other benefits of credit cards are either the points or 2%-3% discount, possible purchase protection in the form of extended warranty etc.
And using and paying off your credit cards increases your credit score.
Read this from Frank Abignail, the famous fake airline captain fraudster turned FBI agent. I only posted the credit vs debit paragraph but the whole. article is quite short and worth the 3 minute read.
Fraud Expert Frank Abagnale’s 7 Tips for Protecting Your Credit and Your Identity
njlenders.com
.
Use a Credit Card Rather Than a Debit Card
Ask yourself, what is the safest form of payment in America and around the world? A credit card. If someone gains access to your credit card, you are not liable for the damages. You can simply cancel your card, receive a new one, and avoid the financial catastrophe completely.
When you use a debit card, you are exposing the money in your personal account to data breaches. Most banks will ultimately reimburse you for fraudulent activity; however, it could take months and much labor before you get your money returned.
Fraud Expert Frank Abagnale’s 7 Tips for Protecting Your Credit and Your Identity
Fraud Expert Frank Abagnale’s 7 Tips for Protecting Your Credit and Your Identity
Considered one of the world’s most respected authorities on credit fraud and identity theft, Frank Abagnale offers more than 45 years of experience behind his advice.
njlenders.com
Use a Credit Card Rather Than a Debit Card
Ask yourself, what is the safest form of payment in America and around the world? A credit card. If someone gains access to your credit card, you are not liable for the damages. You can simply cancel your card, receive a new one, and avoid the financial catastrophe completely.
When you use a debit card, you are exposing the money in your personal account to data breaches. Most banks will ultimately reimburse you for fraudulent activity; however, it could take months and much labor before you get your money returned.
Another option is to put warnings on your bank accounts and/or credit cards. I have mine set at $250 but I know of some people who set theirs at $1 so they get a text or email for any debit to their accounts.
A few years ago I was scanning my credit card statement online and noticed a charge of about $125 at an Esso station in Maple. My car wouldn't take that much gas, I don't buy gas from Esso and I hadn't been to Maple for years. Further scanning revealed another 4 or 5 charges for about $125, all at Esso stations but all in different towns. Of course my credit card company reversed them all but I never figured out where my card was compromised nor why Esso was used as a target.
A few years ago I was scanning my credit card statement online and noticed a charge of about $125 at an Esso station in Maple. My car wouldn't take that much gas, I don't buy gas from Esso and I hadn't been to Maple for years. Further scanning revealed another 4 or 5 charges for about $125, all at Esso stations but all in different towns. Of course my credit card company reversed them all but I never figured out where my card was compromised nor why Esso was used as a target.
Good advice.
I have text notifications enabled on my credit cards and debit card. Every transaction pops up so that way I can put a freeze on my card at the first indication of an unauthourized charge.
Use Apple or Google Pay. Your card number is never transferred, only a transaction token. COmpletley secure.
You can have a fraud alert put on all your credit cards.
They will text or call you when there's unusual activity.
Thats what I did, and havent had a problem since
www.cibc.com
They will text or call you when there's unusual activity.
Thats what I did, and havent had a problem since
Debit and Credit Card Fraud Alerts | CIBC
Protect yourself against debit and credit card fraud. Update your contact information with CIBC to be alerted of suspicious transactions on your account.
I posted something similar to this thread a year ago. Some people shot me down.
I agree lower the spending on each Debit / CC. Pay the CC weekly so there is less issue. I use a PIN hence why a few times I got my money back.
Also - here is where I got shot down - the store people have access to the server and they decide when to charge you the charges to your CC. This is how I figure out one store in TO. He tipped himself 2.00 since I had a receipt - I always ask - and there was a three day delay for the charges to appear on my statement that worked for me. Hence the CC reversed charges within minutes. IF you have a pattern to use the PIN , CC will not argue.
There are two scammers, one at the store the second one the independent company that has the servers to do the transactions. To many IT people are hungry.
I agree lower the spending on each Debit / CC. Pay the CC weekly so there is less issue. I use a PIN hence why a few times I got my money back.
Also - here is where I got shot down - the store people have access to the server and they decide when to charge you the charges to your CC. This is how I figure out one store in TO. He tipped himself 2.00 since I had a receipt - I always ask - and there was a three day delay for the charges to appear on my statement that worked for me. Hence the CC reversed charges within minutes. IF you have a pattern to use the PIN , CC will not argue.
There are two scammers, one at the store the second one the independent company that has the servers to do the transactions. To many IT people are hungry.
This story was told to me by a cashier at a corner store which happened in Hamilton.
Joe buys lottery tickets and one day he wins a 1 Million. This happened last year.
Joe Goes to OLG to claim it. OLG checks everything ( Receipts ) and they ask him for his PC Points card since he used it when he made the purchase.
Joe never had a PC Points card nor did JOE scan one at time of purchase.
Joe goes back to Corner Store with a lawyer. He is suing 3 people. Store owner, cashier, and OLG.
It turns out the cashier - Nash - College Student from India no Canadian Citizen just Student Visa - was scanning his own PC points card at every purchase when someone didn't have one. This was Nash way of saving money and buying his own items.
You have to be aware when you make purchases any where in the world.
Joe buys lottery tickets and one day he wins a 1 Million. This happened last year.
Joe Goes to OLG to claim it. OLG checks everything ( Receipts ) and they ask him for his PC Points card since he used it when he made the purchase.
Joe never had a PC Points card nor did JOE scan one at time of purchase.
Joe goes back to Corner Store with a lawyer. He is suing 3 people. Store owner, cashier, and OLG.
It turns out the cashier - Nash - College Student from India no Canadian Citizen just Student Visa - was scanning his own PC points card at every purchase when someone didn't have one. This was Nash way of saving money and buying his own items.
You have to be aware when you make purchases any where in the world.
