Seeing unauthorized charges on your bank statement or app can cause quite a scare. If this has happened to you, you’re not alone. Credit card fraud is an unfortunately common digital fraud scheme. Now, more than ever, it’s important to be on guard. According to our latest US Consumer Pulse study, 39% of consumers said they’ve been targeted by digital fraud schemes related to COVID-19, with almost one-third of those attempts being in relation to stolen credit cards or fraudulent charges.
How does your credit card information end up in a fraudster’s hands?
Fraudsters can get your credit card information in a number of ways. With so many of us shopping for products and services online, fraudsters have channeled their efforts there as well. Hackers may be able to get your information from a data breach at a company you do business with. Phishing is another route. Fraudsters may try to spoof a website, making you think you’re interacting with a trusted business, and trick you into giving away your credit card information.