It’s a truth universally acknowledged that everyone wants to keep their personal credit card information safe. The question is what are we doing about it? The Australian Bureau of Statistics reported that credit card fraud cost Australia $2.1 billion in 2014-2015. That’s a lot of money to lose and yet so many of us ignore the simple things we could be doing to keep our credit card information safe.
- Stay updated
The first tip for staying safe online is one of the easiest but it’s the one that a lot of people seem to ignore. It’s incredibly important to keep your operating system, software, and browser up to date for the best chance to ward off the latest cyber threat. If you know this is a weakness, consider installing security software that automatically updates like Heimdal’s Thor Foresight.
- Beware of phishing
Phishing is one of the ways criminals trick you into handing over your personal credit card information. To avoid it make sure anyone that uses your credit card understands how to best spot scammers and don’t rely on the standard email security. Install an anti-spam filtering program like SpamTitan for extra protection.
- Install internet security
A good offence is the best defense. Cyber security is only getting more and more important, there’s no excuse not to have good anti-virus installed on all your devices. It’s also worth considering extra protection like Thor Foresight, which works with your anti-virus to spot and block attempts to steal your credit card details.
- Use Two-Factor Authentication on ALL your accounts
The recent Facebook breach was a reminder that out social media accounts are vulnerable and you never know what stolen data could be used for. Most major sites – like Facebook and Google – will let users set up extra security measures to help prevent unwanted access. It’s worth the extra effort to keep your information safe.
- Keep information current
To give your credit card provider the best chance to discover threats you have to give them all the relevant information. Tell them when you move, or if you’re going overseas. Make sure they have the correct phone number and email address on file and that they’re authorized to contact your when they notice an irregularity.
- Check your account regularly
Even with every precaution there’s no way to completely prevent all problems, which is why you need to monitor your account continuously. Yes, credit card providers watch for unusual behavior but the only person that really knows what your credit card should be doing is you. Checking your account is the best way to catch any6 irregularities before they become disasters.
- Keep your receipts safe
The more information that’s available, the easier it is for your account to be compromised and receipts have a lot of information. They’re not just annoying pieces of paper filling up your wallet, so you probably should throw them away like they’re meaningless. Also they can be used to verify purchases in the event your account is actually hacked.
- Don’t store your pin in the same place as your card
Maybe this one is obvious, but we’re all guilty of silly mistakes sometimes. If the credit card is used for company expenses, it might seem like a good idea to share the pin with employees for convenience. No matter how much time it saves, storing your credit card with the pin number is asking for trouble.
- Don’t send your details over social media or email
Another tip where convenience is not worth the trouble. It’s a clear warning sign if someone is asking you to send your credit card information via email but even if it’s someone you know and trust it’s still not a good idea to share your details online. Treat your credit card like an incriminating photo, if you don’t want the world to see it don’t post it on social media.
- Be sensible
Mostly, it’s common sense. Trust your instincts and take the obvious steps to protect your information.
If you’re serious about keeping your credit card information safe, contact SecureSoft now to find out how we can help.