How to Battle Online Credit Card Fraud

Online credit card fraud is a huge part of the way identity thieves operate. So-called "spyware thieves" use e-mails that contain spyware and malware to collect personal information from other computers. Experts say infected e-mails can send out spyware that is capable of recording the browsing history and even the actual keystrokes of a computer user. That means PINS and passwords for online accounts can be transmitted back to the spyware thief. The thieves may sell that data or use it change the account PIN or get additional cards for the account. In any event, the end result is almost always fraudulent purchases.

Ways to Reduce Online Credit Card Fraud

Identity fraud experts say there are a number of steps computer users can take to make it less likely they will be victims of online credit card fraud.

• Use complicated passwords. Online credit card thieves know that many people tend to rely on a single password and use it for all their online accounts. While it's easier to remember a single password, that strategy can backfire as hackers use spyware to get that password and then access all of your bank and credit card accounts. Passwords should not include your birthday, social security number or a simple number sequence like 1-2-3-4. And create completely different passwords for all your accounts.
• Be familiar with your accounts. If you don't have access to your online accounts, get it right away. Check your bank account and credit card account a couple of times a week. Make sure you are so familiar with the account that a questionable charge immediately stands out and can be investigated.
• Practice online security. Internet security experts say computer users should always be aware of online security. Don't provide any personal information unless the site has an "https" in the address field or the security lock icon at the bottom of the browser that indicates SSL security for the transaction.
• Be smart with e-mail. Don't open e-mail if you aren't positive you know the sender. Spyware and malware is most commonly transferred by infected e-mail. By opening the e-mail you infect your computer and put your personal information at risk. If the e-mail seems like spam, delete it right away.
• Secure your computer. Make sure your computer has a security suite that battles phishing, as well as viruses, and has an adequate firewall. More importantly, check your security software from time to time to make sure it is working properly. Some malware is designed to turn off or lower the security protocol of security software.