subject: Famous Card Scams And How To Avoid Them Using An Issuer Identification Number Database [print this page] Credit card scams are a strong part of today's industry as long as sellers are failing to properly implement an up-to-date issuer identification number database. Even though you are a seasoned online shopper or someone who likes to pay by debit/credit card, you need to know various kinds of scams in detail. Take a look at the what, the when and the why of fraudulent activities that prevent buyers from enjoying a safe online shopping experience
Definition of a Card Scam
By definition, a credit card scam is a phenomenon where card owners end up losing their information to a spyware program, brute force attacks and identity theft. After the information is stolen, it is magnetically printed on a fake credit card which supposedly works the same way as the original card used to.
The best way to avoid this kind of scam is by installing an issuer identification number checker program. It doesn't matter whether you are a buyer or a mass scale merchant, the issuer identification checker database can work both ways.
Precautionary Measures and Warning Signs
Develop a habit of monitoring your cards through an issuer identification number list. This way, you will remain updated concerning the latest transaction made on your cards, or your clients' cards. For instance, if a user noticed transactions that don't make sense, it is a warning sign pointing to a recent scam. These transactions could come off any online or offline resource. Maybe someone used your card at a website, or at a retailer to buy electronic items.
To prevent online card frauds, your best bet is to install strong antispyware software, a robust antivirus program and an efficient issuer identification number on credit cards checking service. In 2010, iTunes users lost their credit card info to Thi Nguyen, a Vietnamese hacker who created bogus applications. By "purchasing" the full version of these apps, users had no idea what was in store for them until it was too late.
The Don'ts of Credit Card Activities
Never disclose your credit card information at a public place. Disclosure can come in the form of writing down your card number on a consent form or giving it to a heavy equipment seller so that they can "charge" you later.
Always remain in contact with the issuer identification number database developers to make sure that your software version is up to date.
Create difficult passwords using a combination of UPPER CASE, lower case letters, numbers and symbols.
Changing your PIN number after a week or so is a great security measure.
Last but not the least; even though an issuer identification number list can help prevent a lot of unforeseen risks, it is your job to spread the word about scammers. Visit the Better Business Bureau website to submit reports about known scam artists, shady websites and merchants who left a negative impact on your shopping experience.
