Credit card technology is constantly evolving, offering new benefits for users. Unfortunately, this progress also creates opportunities for criminals. However, the good news is that you can significantly reduce your risk of fraud by understanding the common tactics.

While recovering stolen funds can be complex, identifying fraud quickly allows you to take immediate action. Knowing the red flags can prevent significant losses and minimize the hassle of resolving the issue. Here are three prevalent methods used by credit card fraudsters, along with additional tips to stay safe:

• Skimming: This involves stealing your card’s data using a device placed on card readers. While chip cards offer better protection, some still have magnetic stripes vulnerable to skimming. Be vigilant at ATMs and card readers, checking for tampering and reporting any suspicions. 

To avoid skimming, don’t use card readers that appear loose or damaged, shield your PIN when entering it at an ATM, and consider using contactless payment options (tap to pay) when available.

• Phishing: These are deceptive emails or messages that trick you into revealing personal information like passwords or credit card details. Phishing attempts often involve urgency or impersonating legitimate companies. Never enter sensitive information on suspicious websites. Verify senders by contacting them directly through trusted channels.

Be wary of emails or messages that create a sense of urgency. Legitimate companies won’t pressure you to take immediate action. Check the sender’s email address carefully. Phishing emails often have subtle misspellings or generic greetings like “Dear Customer” instead of your name. Hover over links before clicking. Many email clients display the destination URL when you hover over a link. Be suspicious of links that don’t match the displayed text.