Posts

Showing posts from December, 2019

How Can You Be Safe From Card Cloaning?

How is cloning done? A device with a scanning slot can be easily procured from the shops, or even ordered online. The fraudsters swipe customers' credit cards discreetly through the device that comes with a software that can store information from about 3,000 cards. It just takes a few seconds to swipe the card and transfer the card details into this device. This information can be then be copied on to expired, blank or stolen cards to make a clone of the original card. Is there any way to know the card has been misused? Unless the bank intimates you each time the card is being swiped, there is no other way that you can come to know about it till you get the monthly statement. How can you prevent your card from data theft? Prevention is always better than cure. Here's how you can prevent credit card frauds: Keep your bank informed of your current contact details. If there is any change in your address, you should immediately inform the bank. If your car