The number of online payment fraud cases
is growing at an alarming rate which is why the government and other private
institutions are closely working together to help address this global concern.
It is important to understand that only by reporting through proper channels
and authorities can your concern be properly addressed. And, it is only by
doing a thorough report can your experience be a useful reference for other
people.
To give you an idea where you should
report online payment fraud, check out the list below;
Where to File An Online Payment
Fraud Report
- Credit Card Company/ Card Company
One of the primary places you should
file a report to when you find out that your credit information has been used
in online payment fraud is your credit card company. The credit card company
can immediately deactivate your credit card account involved in the fraudulent
activity or they may flag your transactions so they can verify if you
authorized these transactions. This is one of the immediate actions that you
should take when your credit card information has been compromised. One primary problem with this is it usually takes
time to resolve this kind of problem which can be quite inconvenient.
Another reason why you should report that your account has been used in online payment fraud is so they can place a
red flag on your credit details so when somebody applies for a new credit card
using your personal information they can check with you first if you authorized
such transaction.
- Inform the Online Business Involved
Another party that you should report
to is the company involved in the payment fraud. By doing so the online
business can conduct their own investigation and find out how your account was
maliciously misrepresented or used. Once they’re done with their investigation,
they can finally flag all the other details used by the fraudster to conduct
their scheme and suspend their account with the business. This way the
fraudster can no longer continue exploiting their business.
- Filing a Complaint With the Local Authorities
Filing a complaint with the local
authorities regarding payment fraud is especially useful if you want to recover
your losses. First, the police will require you to fill up a complaint form so
they can do a preliminary investigation. Afterwards, they’ll update you if you
should file a lawsuit against the person who committed the payment fraud. They
also help you recover your losses if possible.
- Filing a Fraud Report with IC3
IC3 or Internet Crime Complaint
Center is an online platform that allows you to report any form of online fraud,
including payment fraud online. Filing a complaint with IC3 may not always
guarantee an investigation, but rest assured that your complaint will be
forwarded to a database of all the online fraud cases. This database is
accessible to all relevant government agencies who are in charge of
investigating and prosecuting online fraud criminals. The platform was made
accessible to encourage more victims to report their experience, so the
government can find ways to resolve the growing problem of cybercrime.
Government agencies and institutions
mentioned above are the primary parties you should report online payment fraud.
Note that in order to end a payment fraud scheme the first step that you should
take is to file a report against it to the proper authorities. Only then can
you stop online payment fraud schemes and make the Internet a safer place.
