Is it safe to give card number and CVV?

Protecting Your Card Information: Safeguarding Against Fraud

In today’s digital age, it is imperative to safeguard your credit card information to prevent fraud and identity theft. When making purchases, both in person and online, it is crucial to exercise caution and maintain vigilance to protect your sensitive financial data.

Never Disclose Sensitive Information

Your credit card number, expiration date, and CVV (Card Verification Value) are highly confidential pieces of information that should never be shared with anyone. Even if someone claims to be a representative from your bank or a legitimate business, do not provide them with this information over the phone, email, or text message.

Avoid Leaving Your Card Unsupervised

When making purchases in person, always keep your card within your sight. Avoid leaving it with a cashier or attendant, as this provides an opportunity for unauthorized use. If you must temporarily hand over your card, be sure to observe the transaction closely.

Utilize 3D Secure for Online Payments

3D Secure is an additional layer of protection offered by most merchants for online payments. When you use a credit card that is enrolled in 3D Secure, you will be prompted to enter a One-Time Password (OTP) or verify your identity in some other way before the transaction is completed. This extra step helps prevent fraud by ensuring that you are the authorized user.

Additional Safety Measures

Beyond the above precautions, there are several other steps you can take to enhance the security of your credit card information:

• Use strong and unique passwords for all online accounts.
• Regularly monitor your credit card statements for any unauthorized transactions.
• Consider using a credit card with built-in fraud protection features.
• Be wary of phishing scams that attempt to trick you into disclosing your information.

By adhering to these guidelines, you can significantly reduce the risk of credit card fraud and protect your financial well-being. Remember, your card information is invaluable, and it is your responsibility to keep it safe.