What card information should not be shared?

Protect Your Financial Data: Sensitive Credit Card Information to Never Share

In the digital age, it’s essential to be vigilant about protecting our financial data from fraud and identity theft. One of the most crucial pieces of information to safeguard is your credit card details. Sharing these details carelessly can lead to financial losses and other serious consequences.

Never Share the Following Credit Card Information:

• Credit Card Number: The 16-digit number printed on the front of your credit card can be used to make fraudulent purchases if it falls into the wrong hands.
• Personal Identification Number (PIN): The 4-digit code you use to make ATM withdrawals or use your credit card at a point-of-sale terminal.
• Card Verification Value (CVV): The 3-digit or 4-digit security code printed on the back of your credit card, typically used for online transactions.
• One-Time Passwords (OTPs): Temporary passwords sent to your mobile device as an additional layer of security for certain transactions.

Why You Should Never Share This Information:

Legitimate businesses will never ask for this sensitive information over the phone or via unverified channels. If someone contacts you claiming to be from a financial institution and requests your credit card details, it is likely a scam.

• Unsolicited Calls: Scammers may call you pretending to be from your bank or a credit card company and ask for your credit card information under the guise of verifying your account or resolving a problem.
• Phishing Emails: Fraudulent emails may appear to come from a legitimate source and trick you into providing your credit card details by clicking on a malicious link.
• Suspicious Websites: Never enter your credit card information on websites you don’t recognize or trust. Look for the “https” prefix and a lock icon in the browser address bar to ensure the site is secure.

Consequences of Sharing Credit Card Information:

If your credit card information is compromised, it can be used to make unauthorized purchases, create fraudulent accounts, or even steal your identity. You may be held liable for these fraudulent transactions and damage to your credit score.

Protect Yourself:

To protect your credit card information, follow these tips:

• Keep your cards and personal information safe.
• Never share your credit card details with anyone, especially over the phone or via email.
• Regularly monitor your credit card statements for suspicious activity.
• Report lost or stolen cards immediately to your financial institution.
• Use strong passwords and two-factor authentication for online accounts.
• Be aware of phishing scams and protect your personal information accordingly.

By following these precautions, you can safeguard your financial data and avoid becoming a victim of credit card fraud. Remember, your credit card information is confidential and should only be shared with trusted parties in secure environments.