How secure are credit cards?
Credit cards are becoming an increasingly popular form of payment. In some cases, the credit card is the only payment method used during the payment process, and consumers are forced to own a credit card if they do not want to do without the corresponding product. But many are wondering how secure it is to pay by credit card, because the media repeatedly report fraud cases in which credit card data has been misused.
The security of credit cards increases from year to year because banks and credit card providers are constantly trying to innovate so that fraudsters find it impossible or at least very difficult to misuse credit cards. But even you can prevent your credit card information or your credit card falls Betrgern victim of some security rules by observing.
In the meantime, all cards, whether EC or credit cards, must contain the EMV chip technology. That means the data is not saved and read on the magnetic stripe, but in a chip that stores the data in a well-encrypted manner. The terminals and ATMs will also be with the new technology, so that only credit cards with the EMV chip will be accepted. This makes it difficult for fraudsters to pay with duplicate credit cards, since they must contain the EMV chip.
How to prevent from being misused?
A new method is, for example, “Verified by Visa” or the “MasterCard SecureCode”. With these security procedures, a code must also be entered when shopping on the Internet (comparable to entering a PIN at an ATM or terminal). This can at least prevent the credit card or credit card data from being misused when paying on the Internet, since the fraudsters do not know your personal code.
There is never 100% security, not even with credit cards. Therefore, you should always handle your credit card responsibly and follow simple rules of conduct.
- Never keep your PIN near your credit card or wallet or write it down on a piece of paper.
- Never throw away receipts carelessly because your card details can be noted on them!
- Use “Verified by Visa” or “MasterCard SecureCode”, if it is offered.
- Never pass on your credit card to third parties.
- Never leave your credit card in the car.
- Check your statements at any time.