Suspicious Charges

Suspicious Charges

 You opened a PayMaya account so you could purchase paid apps on your iPhone. You loaded your account with one thousand pesos. Upon checking with you Pay Maya app, you notice that your account has a suspicious charge. Upon further investigation, you realized that the charge does not belong to you. What will you do?

If you ever encounter this problem, remember to follow the steps below in order to find a solution to the problem.

Step 1. Call the Credit Card Company

This is the very first step to take (so kudos on acting quickly). In some cases, your liability for fraudulent charges depends on how soon you report them to the bank. Besides that, the sooner you notify the bank, the quicker they can start working on your case and getting this resolved.

Step 2. Monitor Your Credit Card Accounts

In most cases, putting a stop to the charges and getting a new account number are all you need to do, but you should also monitor all your credit card accounts just in case this is more than just a singular event or a sign of even more damaging identity theft.

To monitor your accounts, you just need to keep an eye on your statements or regularly check recent activity. Be especially on the lookout for even small charges. Fraudsters know that amounts under $10—like the recent $9.84 scam—often go unnoticed.

Step 3. Know the Signs of Bigger Identity Theft—and What to Do If Someone's Stolen Your Identity

Fraudulent charges on your credit card don't necessarily mean a data thief also has access to other personal information that could do more damage, like drawing down your bank account or social security fraud, but it still pays to know how identity theft works so you don't end up with even bigger issues.

Step 4. Stay Safe Going Forward

Most people never find out exactly how their credit card numbers (or other personal information) got into the wrong hands. While some things, like data breaches, are beyond your control, there are several things you can do to minimize your security risks.

Sources Retrieved from:

http://lifehacker.com/what-should-i-do-if-my-credit-card-gets-hacked-1552850022