There may still be many credit card users still questioning the security of their credit card. Do you also have to wonder if my credit card is safe? When doing online transactions, is it okay to use a credit card? Is our data as user secure? Is there any guarantee that we will avoid unscrupulous person? Plus, there are many reports of credit card fraud.
Credit Card With Chip
Although credit cards already have several layers of security and sign-in verification processes, credit cards still have weaknesses that are rarely used by fraudulent parties.
A common mistake is to take credit cards when mailed, forge signatures and clones. Cloning is probably the method that thieves used a few years ago because they were caught with an encoder. By 2010, the credit card was equipped with a chip to counteract the magnetic weaknesses.
Data from Good Finance shows that the number of cases for credit card fraud has dropped dramatically thanks to the security of using this chip. The success of the technology on credit cards has been passed on to debit and ATM cards. The implementation of all of these is expected to be completed since 2015.
Credit cards have a chip with a unique code replacing the magnetic tape on the back of the card that’s been easily fabricated. So the solution to this problem is to use the PIN on the credit card.
Maximize the Security of your Credit Card
Even if your credit card is equipped with chip technology, it doesn’t mean you don’t have to be careful. It’s a good idea to keep your credit card secure by following the following:
- Keep your credit card in a safe place
- Never take down a credit card pin. Just remember and memorize it
- Sign your credit card
- Avoid using birthdays as pins
- Call your issuing bank immediately if you lose your credit card
- Sign up for SMS service to your credit card issuing bank
- Look for the Verified by Visa or MasterCard Secure logo when shopping online
Well guys, there is always the chance that you will be the victim of a credit card fraud. But you can avoid that by applying the above.