Victims of credit card fraud need to jump through a lot of hoops to resolve some time-sensitive issues that could cause more problems for them. You must call your card-issuing bank or credit card company to file a dispute or a chargeback against each illegitimate transaction that you see in your statement. To make sure that you don't miss anything you should carefully review your previous statements, which could take a lot of your time.
You also need to ask your bank to suspend your compromised credit cards and request replacements from them. This could take a couple of weeks or so, leaving you without anything to use, especially for emergency situations. Also keep in mind that credit card fraud often results from identity theft. This means you're most likely susceptible to more serious problems when your stolen details are used for other illegal online and offline activities.
So, it's imperative for you to learn how to safely avoid credit fraud, or at least to quickly recognize potential scams and the like. To do this, you need to know the most prevalent forms of card not present scams out there today. To help you out, here's a list of the latest scams from the reports of many users who recently posted complaints in Big Scammers against similar scams:
Newest Credit Card Fraud & Scams This 2017
1. Jury Duty Scam - This is where social manipulation tactics are mainly used to commit credit card fraud. Criminal groups and fraudsters who operate this scam buy the contact details of their target victims from other criminals who sell stolen information from hacked databases. They then call unsuspecting users, pose as official agents of nearby courts, and scare them with huge penalties and fees for not showing up at a non-existent jury duty summons supposedly sent to them.
At that point where their victims are scared and confused, the scammer informs them that they can help them clear out any issues by confirming a few details. They ask for the user's personal details, private information, sensitive credentials and credit card data. These stolen details are then used to commit credit card fraud among other scams.
2. Debt Relief Scam - This is where scammers call unsuspecting users for a fake offer. They pose as official representatives of the target victim's bank. The scammer then uses social manipulation tactics to fool users into believing that they can get lower interest rates on their credit cards, mortgages and loans. Once they bait the user, they reel them in, closer to their credit card fraud.
Sometimes, criminals also offer loans at irresistible interest rates and with lucrative repayment schedules. Of course, these are fake offers. They just deceive users by telling them to confirm their personal details and financial account credentials. They then use these stolen details to commit credit card fraud and other serious scams.
There are many other tactics and schemes that a lot of criminal groups and fraudsters use to commit card fraud and identity theft. The ones above are among the most widespread scams this 2017. To avoid the newest online crimes, you should keep at pace with the most recent variants of cyber fraud. BigScammers.Com can help you do this. All you need to do is to simply sign up to this online community. You'll receive instant email notifications whenever users update the content repository of this website with their scam complaints, Web crime reports, scams, tips and pieces of advice.