Credit card cyber fraud: Essential steps to safeguard your finance

Best tips to protect from credit card cyber fraud

• Monitor account activity: Regularly review your credit card statements and transaction history for any unauthorised charges or suspicious activity.

• Enable alerts: Set up transaction alerts through your bank or credit card issuer to receive notifications of any transactions made with your card.

• Use strong and unique passwords: Secure your online banking and shopping accounts with strong passwords that include a combination of letters, numbers, and special characters. Avoid using information that is easily guessed, such as birth dates and names.

• Enable 2-factor authentication: Utilise two-factor authentication (2FA) wherever possible to add an extra layer of security to your online accounts.

• Be cautious of phishing scams: Avoid clicking on links or downloading attachments from unsolicited emails, messages, or websites that ask for your credit card information.

• Shop only on secure websites: Ensure that the websites you use for online shopping are secure. To ensure secure browsing, ensure that the URL contains HTTPS and a padlock symbol in the address bar.

• Use virtual credit card numbers: Some banks offer virtual credit card numbers for online transactions. These are temporary numbers that cannot be linked to your actual credit card account.

• Keep your devices secure: Install antivirus software, keep your operating system and apps updated, and avoid connecting to unsecured public Wi-Fi networks when making online transactions.

• Shred personal documents: Shred any documents containing sensitive information such as credit card statements or receipts before disposing of them.

• Report lost or stolen cards immediately: Contact your bank or credit card issuer immediately if your card is lost or stolen to prevent unauthorised use.