Credit Card Fraud Warning

: Chris Lee Law Firm

  Filed under: News

credit card fraudLast week the Better Business Bureau released a statement saying there has been a significant increase in credit card fraud in recent weeks. While it is unknown whether the fraud is related to the financial data breach suffered around the holiday season, consumers are urged to be on the lookout.

Keep An Eye Out

The Better Business Bureau has reported the fraud taking the form of small, unexplained charges. The charges can be found on a credit card or bank statement in the amount of $9.84, but this amount is expected to change as word gets out about the fraud. The charges may lack a description or even mock the form of a legitimate service people have been seeking since the breach, such as a credit monitoring service.

The Better Business Bureau is urging consumers to do the following to protect their financial information:

1. Monitor your statements and activity, filing a dispute immediately is you see suspicious activity.

2. Request a new credit or bank card.

3. Change the passwords on all your online accounts.

4. Check the privacy settings on your computer and don’t allow passwords to be stored at login.

5. Sign up for a legitimate credit monitoring service that is approved by the Better Business Bureau.

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