What Can Be Done To Prevent Credit Card And Id Theft
A credit card is the most convenient way to pay for your purchases. If you have that thin little plastic card, you no longer have to carry around cash. People in the United States rely on their credit cards for paying almost everything. When people have credit cards, they would rarely pay with money for their purchases. You would need a credit card when you are doing online purchases since you cannot physically exchange items and cash with the seller. The possibilities are endless when you already have a credit card number and a security card number. But then with the constant advancement of technology, shady people can actually pick up your credit card information and go on a shopping spree online. Fearing this, people are actually starting to find other alternatives for paying their online purchases.
Each year, 9 million Americans become victims of credit card fraud and identity theft. When you go online shopping, you enter your credit card information and thus it becomes available to the public. A person who is trying to get your credit card information has one thing in mind, using it to his advantage. You will then find out later that you are left with huge amounts of credit card debt. If you want to keep this from happening to you, you will have to closely monitor your credit card statement. If your credit card statement shows that a charge was made miles away, then there is a big chance that your credit card information was stolen. Big online stores are now working with data tokenization to come up with a security feature that will make sure credit card information will be difficult to steal. And thus, what they have come up with is pci tokenization as an answer to credit card fraud.
Credit card tokenization works by replacing the credit card number with something that has no value, like a token. It is like an uncomplicated data encryption. So that the credit card information is not seen, credit card tokenization masks the credit card information. A person who is trying to steal the credit card information will not have any use for the token. Using this, the risk of your credit card information being stolen is greatly reduced. As a credit card owner, you yourself must find ways to secure your credit card information. Your email should not contain your credit card info, and you must not also reply to emails asking for your credit card number. Scammers use phishing to get valuable information via email. And thus, when you see an email from your bank, be careful because it may be another one of those scams.