03 October 2011

How to protect yourself against fraud

Khyati Dharamsi, TNN | Oct 3, 2011, 06.13AM IST


Credit card fraud and identity theft are rising at a rapid pace. Here's how you can protect yourself against them 
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10 Steps that can protect you from loss

Register for transaction alerts via SMS and e-mail . 

If you change your mobile number, update it with the bank. 
Reduce the limit on your credit card if you use it sparingly. 
Use virtual cards for e-shopping . Make use of the virtual keyboard wherever possible. 
Instead of going to the bank's Website using links in e-mails , type the Web address directly. 
Memorise the 3-digit CVV number at the back of the card and scratch it out.
Do not leave unwanted photocopies of essential documents at the photocopier. 

If you lose your phone, deactivate all banking services linked to that number. 
Place your Internet router away from doors and windows and switch it off when not in use.


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