Beware of scams
First of all, you must gain information about the scam sites that try to extract your financial information. You will often receive fake emails and notifications that would require you to update your information but remember that you must never provide any information online. It is strongly advised that you should keep the financial information to yourself and do not share with anybody.
Confirm that your credit card is protected with SSL
You must ensure that your credit card information is protected with Secure Socket Layer (SSL) as this provides ultimate security from the online scammers. Web browsers often intimate about the secure site when you visit it; thus you must ensure that your provider’s site is protected by SSL.
Turn on the fraud alert on your credit report
In order to track your spending and ensure the safety of your money, it is strongly advised that you must turn on the ‘fraud alert’ with your online banking service provider. This will help you stay updated with any suspicious activity that has taken place on your account. You can do this by contacting any of the three credit reporting agencies; TransUnion, Equifax or Experian.
Ask your service provider to report unauthorised use
You can also avail the option of asking your service provider to report unauthorised use of your credit card. By doing so, you will not only safeguard your money but this will also help in tracking down the culprits.
Register your complaint
If you have identified any suspicious activity, it is strongly recommended that you must register your complaint with Federal Trade Commission’s Bureau of Consumer Protection. This agency is responsible for protecting you from any fraudulent activity regarding the online transactions.