Someone Used My Credit Card Online. How Can I Track the person?

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Someone Used My Credit Card Online. How Can I Track the person?

Someone Used My Credit Card Online. Can I Track the person?

Technology has made it difficult to use a stolen credit card, and hackers have become more creative regarding theft. The question is can I track thieves who use my credit card? Yes, you can follow them. The key to minimizing your damage is to detect the damage early and act immediately.

If you have become a victim of credit card fraud, you are not alone. There are several ways thieves can access your credit card account number, which they use to make purchases. A stolen account number or credit card can be the first sign of identifying the theft. You should take possible steps to recover the damage. Here are some tips discussed to protect your credit card information.

What is Credit Card Fraud?

Credit card fraud is any fraud or theft that involves a credit card. The main purpose of credit card fraud is to make purchases from victims’ money. Credit card companies track from where you last used your credit card. It will help the Bank to track the theft. Depending on the fraud, the police might get information from the merchant to get details about fraud.

Process of Credit Card Tracking

The card issuer will examine and judge disputes about a credit card online transaction. The Bank will investigate the dispute. Here discuss the tracking procedure of credit card transactions.

Step-1: Immediately Report the Transaction to Card Issuer

When you notice that someone uses your credit card online and makes transactions, immediately report it to your card issuer. Please register to the card issuer that you do not authorize that transaction.

Step-2: Gathers Evidence

After reporting the incident, the bank will start its procedure to use its sophisticated system to collect information about unauthorized transactions. The evidence that banks can use is:

●       IP Address:

The Bank will gather information on whether the ID of cardholders matches the ID of buyers.

●       Time of transactions:

According to the cardholder’s locations, the Bank will check if the time is questionable according to the cardholder’s transactions patterns.

●       Geological Data:

The Bank checks the location from where the buyer will place an order. If it matches the cardholder’s location, the Bank will dismiss its complaint.

●       Account Activity:

The Bank will check, there is only one transaction or more. There are a lot of transactions. The case will be forwarded to the law enforcement officer to investigate further.

Step-3: Examination of Transaction

Bank will examine and review all the transactions and prove it is reasonable for further investigation or not.

Step-4: Banks’ Decision

Bank will reject the inquiry if the negligence is by your side. On the other hand, if there is fraud with transactions, they will advise you to contact the credit bureaus to make your account frozen. This way, you protect yourself from further fraud, negatively affecting your credit card ratings.

Step-5: Report to Law Enforcement Officers

It is hard to blame merchants only in the case of online transactions. The Bank decides whether the issue is forwarded to the police or not for further investigation. Police will take information about the IP address and transaction times to pin the suspect.

How Do Credit Cards Get Stolen?

Thieves don’t have to take your card to steal your card information. They can capture the physical card imprints by using the carbon copies that were a part of the paper slip. The waiter would also write down your information at restaurants while running it for you. Waiters can also use small card-skimming devices that detect your card information.

How Can I Protect My Credit Card Against Online Fraud?

Credit card fraud can be tracked, but police are rarely involved as the cost involved in the investigation process can be huge. The important thing is you should take precautionary measures to avoid being the victim. Here we discuss some steps to minimize online fraud:

1.      Scanning Virus

Viruses can easily get into your computers and steal your credit card information. So hackers will use the information to do the transactions online. Antivirus software can protect your computers.

2.      Transactions Through Websites

To prevent unauthorized access, secured sites encrypt your banking information. Always check and ensure that you access the information through protected and authentic sites.

3.      Fingerprint Signs

Signing in with the fingerprint is more secure than using passwords. If fingerprint enabled, it is difficult for an unauthorized person to access your online banking information.

4.      3-D Secure System

A 3-D secure system gives you another type of protection when online credit card transactions. It minimizes fraud to a maximum level.

5.     Lock your Card

When you have difficulty tracing the credit card, temporarily lock your credit card. Most of the issuers close the credit card for two weeks.

6.   Well-aware of Scams

To avoid scams, keep yourself updated with email scams. Some emails may look suspicious and request you to download an attachment. Avoid such emails. Make sure to call your card issuer before opening such emails.

7.  Check your Monthly Statement

Keep your eye on minimum deposits and withdrawals by reviewing your credit card statement every month. Report any unauthorized transactions no matter the amount involved.

8.  Protect your Credit Card Pin

For protecting your pin from unauthorized users, do not use any of these combinations: license number, date of birth, consecutive numbers, e.g., 5,6,7,8, Registration number of cars, personal telephone numbers, your name, and family members name. Avoid sharing pins with anyone else, and avoid using a common phone code as your pin.

9.   Protect Your Identity

By getting a personal PO Box, always keep your mail secured. Before throwing the information in a trash bin, destroy all the material containing your personal information.

10.  Keep Your Card Safe

Be aware of frauds who fit small devices at ATMs to steal your card’s information. Inspect the ATM thoroughly to use your pin. Be aware of the pickpockets at the busy place.

Final Words

Fraudulent online credit card transactions are increasing at an alarming rate day by day with technology. Thanks to technology, you can track the dishonest through your Bank. Bank uses its follow-up system if the case is worth forwarding. The best thing is that you should avoid being a victim. Always use antivirus software and use secure sites. Never share your pin with anyone.