How to use your credit card information to protect yourself from identity thieves, including fraudulent billing and unauthorized payments, according to a new study.
Researchers from cybersecurity firm FourFourtwo conducted an analysis of the identities of over 1.4 million U.S. consumers.
In the study, they discovered that nearly half of the credit card numbers they examined belonged to someone who had not yet used the card.
In other words, nearly half the identities used by card holders were still out there.
While it’s possible that many of these accounts may have been compromised by hackers, FourFour22 notes that this is unlikely.
Credit card data can be easily obtained by fraudsters by using fraudulent billing practices, or even by using an old card.
The security of your card can be greatly impacted if someone tries to use a stolen card to make fraudulent payments.
FourFourteen years ago, the credit-card industry implemented a new program that required cardholders to register their credit card details with a government-issued ID number.
The new cardholder ID number, called a unique identity number (UID), can then be linked to the credit cards of the card holder.
For cardholders, this information can be used to verify the identity of the new card holder, so the cardholder is protected from identity fraud.
However, it’s important to note that cardholders don’t need to provide a new credit card number in order to use the new credit-cards program.
The reason why this is important is because banks don’t want cardholders giving their card information out for free.
They would prefer that customers use their existing cards instead.
And as a result, many credit card issuers do not include a cardholder identification number in their cards’ PIN pad, so it’s hard for criminals to steal card numbers from people who do not use their cards.
According to the study’s authors, however, the new system is too cumbersome to use for many consumers.
Fourfourtwo explained that while many consumers have the option to provide their credit cards with a new ID number in the wallet, most people have no way to do this.
The reason is that the banks don, or won’t, offer consumers a way to update their cardholder information to the new identity numbers that banks offer.
So how do you protect yourself against identity theft?
FourFourtimes advises that you don’t give your card to anyone you don´t know.
This is because criminals will still be able to use stolen cards to make unauthorized payments.
Also, keep in mind that credit cards are not the only type of identity cards that can be stolen.
There are also counterfeit ID cards, which are usually made of fake plastic or plastic-like materials.
Four4times advises to keep all of your credit cards at home or with other trusted family members, in cases where you don’t trust the person with your identity.