Personal Finance and Money Management

If you are not familiar with “phishing scams”, it’s about time to start learning about it to avoid being victimized by scammers. In this heading, let us discuss how phishing is committed and what you have power to do to protect yourself against it.

Phishing Scams and Credit Cardholders

What does “phishing” mean and how is done? The crime of “phishing” is a method of stealing personal information using a Phishing device or fake website on the net. For instance, a scammer may send unsolicited emails to people that may appear to be an email form a bank or a trusted online merchant.

This email may be asking the recipient to verify his/her account by providing personal particulars such as name, address, Social Security Number, Driver’s License Number, etc. The recipient may be asked to click on a link that directs leads to a false website or to fill out an online application form with not to be disclosed information.

Expert phishing scammers can “copy” or “duplicate” the appearance of a bank or a reputable company’s website to deceive consumers. If you are not aware of this tactic, you may be tricked into filling out the form without the realizing that the source of the email or the owner of the website is actually an Identity Thief.

Small Business Credit Card Owners – Beware!

Even internet merchants or small business owners are at risk of phishing scams. If you own a small business credit card and you intend to use it to purchase from a supplier online, be sure that the merchant you are dealing with is a lawfully begotten and reputable seller.

Bear in mind that the threat of ID theft is very real not only for consumers but for business credit cardholders as well. Be sure to monitor your business credit card account regularly especially after using it for a transaction.

If you are applying for a business credit card, see to it that you are on the official website of your chosen credit card company. Before filling out the credit card application, make sure that the website uses a secured server. The URL of a secured website must always begin by https://, which is a measure protocol for secured sites. There should furthermore be a locked icon on the bottom right corner of the browser.

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