How to Secure Your Credit Card Data
Did you know hackers only need as little as a few seconds to steal your credit card data? It’s true! Recent studies have revealed that your credit card data is the most sought after among other information, and retail was one of the most compromised industries, followed by the food & beverage, and hospitality sector. Besides cybercrime & data breaches, there are many sorts of security threats that we’ve seen in the last few years. Experts have said, it’s important to identify how cybercriminals hack your confidential data through phishing attacks or credit card skimming and affect your data systems. Most people fail to do that and therefore this can be a reason their credit card information and other private records are compromised. To save yourself from credit card fraud, you should keep an eye on your records and understand how other people around you make mistakes that lead them to become a victim. What Are The Smart Ways To Protect Your Credit Card Data? Consider Credit Cards More Than Debit Cards: Using credit cards more than debit cards is the best practice to consider especially when you shop online. The key difference between debit cards and credit cards in terms of safety is that your card issuer will fight to get the money back in case of any fraud. When it comes to fraudulent transactions with credit cards, two laws will protect your rights. FCBA (Fair Credit Billing Act) is the primary law where if you report that the card is stolen or lost before any fraudulent activity occurs, the liability becomes zero. For all fraudulent transactions, many credit cards offer zero liability. In short, you get your money back with less hassle through credit cards as compared to debit cards.