Tips for avoiding credit card fraud during the holiday season

By: Trademagazin Date: 2024. 12. 11. 10:46

The Christmas season is all about the joy of shopping, but fraudsters are also more active at this time. In the festive rush, we often buy in a hurry and pay less attention to security, which is why it is especially important to use our bank cards consciously and recognize potential dangers. Below, we will show you how to avoid the most common bank card frauds and what advantages contactless payments bring.

Security advantages of contactless payments

Contactless payments are not only convenient, but also safe, especially during the festive season. On the one hand, there is much less physical contact, since when using contactless technology, there is no need to hand over the card, so the chance of card data being stolen is much lower. On the other hand, the purchase itself is faster: especially for smaller value transactions, where a PIN code is not even required. It is important to know that unique encryption occurs during transactions, which makes it difficult for fraudsters to copy the data.

How to use your bank card wisely when shopping for Christmas?

The key to smart card use is awareness and proper preparation. During the holiday season, it is worth setting a lower daily spending limit on your card, so that even if fraudsters try, they can only reach a limited amount. It is also important to regularly check transactions, monitor mobile banking notifications and regularly check your account history. If you notice a suspicious transaction, notify your bank immediately. From a security perspective, digital wallets offer greater protection for us, because using Apple Pay or Google Pay gives us extra protection, as these systems do not use real bank card data, but unique identifiers. We do a lot to ensure the safe use of our money if we never enter our banking details over a public Wi-Fi network, because our data is easily accessible through it. Use password-protected public networks or our own mobile internet in such cases.

Security features and tips

Our customers receive instant push notifications for every card transaction, so we can immediately detect suspicious activity. If we lose our card or notice a suspicious transaction, we can immediately block our card via the mobile app. The app allows you to customize card usage settings, such as allowing or prohibiting online purchases and changing limit settings.