One of the most important lines of defense against identity theft and financial crimes is credit card security. It gives you peace of mind and minimizes risks, enabling you to use your credit card conveniently. It gives you confidence to shop and transact both online and offline knowing that your credit card is secure. You won’t have to be concerned about unauthorized activity or its possible repercussions all the time.
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What’s Latest in Credit Card News
Many credit card holders of Axis Bank reported instances of fraudulent international transactions on their cards on March 26. Furthermore, according to an expert report, even customers who had turned off international transactions kept getting multiple messages asking them to turn on this feature.
On March 26, a large number of Axis Bank credit card customers reported incidents of fraudulent foreign transactions using their cards. Furthermore, even customers who had disabled international transactions continued to receive repeated messages requesting them to enable this feature
“International online usage is not enabled, thus the transaction on Axis Bank Card no. XXXXX has been declined. The message sent to cardholders stated, “Enable via the control center on Axisbank.com/CCusage or call our customer service center.
Axis Bank credit card users reported similar incidents on social media.
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Why Is Security on Credit Cards Important?
It is far more difficult for thieves to steal your card information and use it for unauthorized purchases when there are robust security measures in place. The issue of credit card fraud is very serious. This protects your credit score and hard-earned money from fraudulent activity.
Your name, card number, and credit card expiration date are among the sensitive information on it. If the incorrect people come into possession of this information, identity theft is a severe issue that can be challenging to combat. Strong credit card security protects this data.
The following actions can be taken to lessen the likelihood of credit card fraud:
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Keep a regular eye on your statements: Look for any strange transactions on your credit card statements.
Turn on transaction alerts: Request alerts from your bank to be notified whenever there is any activity on your card.
When making purchases online, exercise caution. Use strong passwords and only shop on websites you can trust.
Avoid falling victim to phishing scams: Avoid opening attachments or clicking on links in emails or texts from senders you are not familiar with, especially if they request your credit card information.
Avoid falling for phishing scams: If someone sends you an email or text, don’t open the attachment or click the link, especially if they ask for your credit card information.
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Examine your security configurations: Think about turning on any extra security features your bank may offer, like needing a PIN or fingerprint scan for specific transactions.
Notify your bank right away if you see any suspicious activity on your card so they can block it and report the incident.
You can lessen your chance of experiencing credit card fraud by doing these steps.
