Did you know that debit card fraud is one of the most common types of identity theft? It is a very serious problem that affects millions of people every year, and it can happen to anyone at any time.
Imagine checking your bank account and discovering unauthorized charges. That’s what happened to Donna, who’s emailing us asking this:
My debit card has been hit by hackers many times, and it’s such a pain that I have to get a new debit card. Is there any way to stop us from happening? – Donna
I’m sorry to hear that, Donna. It can be unbelievably frustrating to deal with unauthorized charges on your debit card and have to get a new one, so today, we’ll try our best to help you avoid this in the future.
What is debit card fraud?
Debit card fraud is like a thief breaking into your house and stealing your cash and valuables. In this case, the thief is someone who has obtained your debit card number and, in some cases, your PIN number. The fraudster uses this information to make unauthorized purchases or withdraw money from your account, just as a thief would take your possessions.
How does debit card fraud happen?
Your information could be stolen in many ways, such as through a retailer’s data breach or by falling victim to a phishing scam where you unknowingly reveal your debit card details.
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