According to Credit Union Magazine, plastic card fraud could increase by as much as 45% by 2020, reaching $31.67 billion worldwide, quoting statistics from The Nilson Report. What does this mean for you? Doubling down on protecting yourself against risks associated with fraud.
Here are four easy ways to reduce your risk of debit and credit card fraud:
1. Don’t write down your card’s number or your PIN.
2. Don’t leave your card lying around.
3. Use password protection when saving your card number with a vendor or website.
4. Stay current on anti-fraud services available to you, like credit monitoring, and learn about credit locks and freezes.
Source: news.cuna.org
