Paying on cash is a great way to reduce debt while the use of credit cards provides a convenient way to pay for the purchases you make. However, there is a need for things and tools to protect the money you worked hard for because there are many ways hackers steal money from your card and even from your wallet. 

Cybercriminals can do anything and everything to steal money from you. Hackers and thieves steal your card’s number and details through a major data breach, phishing emails, public use of the internet, spyware, and malware, and from your trash. Because of this, you must know how to protect your money. You should also be aware of how to avoid cyber attacks when you’re working from home, as your secret information can be stolen as well. 

Take advantage of these security tips in protecting your cash and credit cards.

Check Your Account Often 

Although the use of credit and debit cards makes it more convenient in doing purchases, it still does not mean that you can forget about each completed transaction. You can never be so complacent when it comes to your bank account and credit card account. 

Checking the account daily may sound extreme, but it is helpful. It keeps you conscious and aware of the daily debit and credit flow. It will also help you track your daily spending and spot fraudulent activity right away. If there is an unauthorized transaction, take immediate action with your bank. 

Don’t Share Your Banking Information 

Your banking information is a personal matter and it should never be shared with anyone. Thieves and hackers are out there waiting for that moment when you get to share your bank details via text, email, social media, and online messages. If it is not an official call from the bank wherein you need to say your details, it is best to keep the information to yourself. 

It is also advisable to use every smartphone application wisely and carefully so that you won’t share any information unknowingly. 

Be Aware of Scams 

It pays to know that scams happen every minute. If you want to protect your money, your credit card account, and your cash, always be on guard and be aware of scams. 

Aside from credit card theft, skimming is also one of the thieves’ ways to steal your money. You also have to look out and be aware of information and identity theft, phishing, card replacement scam, and more. Yes, these credit cards are equipped with security features, but it puts you ahead of the hackers if you are aware of their fraudulent activities. 

Besides, if you are browsing websites, always be aware of the activity you do because there are untrustworthy sites that can be potentially harmful. If you are planning to buy online, take precautionary measures in guarding your credit card information. 

Use RFID Wallets 

Credit cards, passports, identification cards, driver’s licenses, and other cards with electronic chips should be protected against electronic pickpocketing and skimming. All credit cards nowadays are embedded with an RFID chip, making it easier to make payments by simply doing a quick scan of the card. 

Thieves and hackers can also easily steal the details on your cards through a card scanner, but if you have the right tool, such as quality RFID wallets, your finances, and personal identification details are protected. However, you have to choose which RFID wallets to invest in depending on your style and purposes. There are RFID wallets that are bulky but can accommodate several cards while some are slim and light. 

 Use Two-Factor Authentication for Your Online Accounts 

Thieves and hackers are watching out there without you knowing it, especially when you use your credit cards online. Take careful steps and protect your information by authenticating your identity and card details through the two-factor authentication. It could be codes or digits sent to your number or email or one unique password given to you through phone calls. The two-factor authentication code makes it difficult for hackers, thieves, and scammers to steal your card details or personal information. Moreover, using a strong password that hackers will not be able to guess is a smart option, too. 

Never Use Public Wi-Fi and Computers to Access Your Account 

If you need to access your credit card account or your bank accounts, never be tempted to use public computers or internet connections provided at the airports, hotels, clubs, libraries, and internet cafes. Cybercriminals can easily access any unprotected Wi-Fi network and unsecured devices. 

To protect your money and your financial accounts, whether it is a debit card or credit card, always prefer to use your personal computer or laptop to open and monitor your accounts. This is also applicable to any of your online purchases, especially if you are planning to use your cards to make payments online. 

Sign Up for Account Alerts from Bank 

Online banking offers a variety of perks and benefits, and one of those is the subscription to account alert. Take advantage and maximize this alert program as they are offered by your bank or credit card provider. If there is unusual activity or suspicious financial movement, the bank or company will notify you immediately through text, email, or phone calls. If you want to protect your money from fraudulent scams and unauthorized transactions, this feature is the right one for you. If you own a credit card, consider signing up on account alerts and avail the program for your protection. 

Conclusion

Identity theft, credit card skimming, and fraudulent hacking can happen to anyone in different ways and for different reasons. No matter how much the amount, the real thing is that, when hackers got your information, you just don’t know how extensive the damage can be. 

Protect your money and your personal information by being always on guard of your account and banking details. Do not let anyone get your information online through suspicious emails and hooks, and even from your own social media posts and messages. Talk with your bank and take advantage of the security features they offer. If you are protected, you will have peace of mind and security, and it is worth your while. 

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