How to protect yourself from credit card fraud

There is some good news in your inbox. Your wait for a tax refund is finally over. At least that is what the mail says: "The Reserve Bank of India will take full responsibility of your tax refund to your bank account. Please select your bank and complete the refund request carefully." All you have to do is to open the link, key in your name, credit card number and code number at the back of the card and you will get the refund immediately, it says.
Wait a minute... Tax refund from the RBI? Credit card details for a refund? If these questions didn't crop up in your mind, you may have fallen victim to Net fraud. The RBI or the Income Tax Department never ask for your PIN, passwords or credit card details. So, the next time you see such a mail, press the delete button.
Apart from such fake mails from the RBI and IT Department, Netizens regularly receive mails that tell them about jackpot prizes they have won and ask for bank or credit card details to transfer millions. There are also mails from people stranded abroad while on a holiday and in urgent need of money. "In the faceless, new era of banking, a customer's identification is done through his user ID and password. This has brought new vulnerabilities as anybody who possesses these can transact on his behalf," says RVS Sridhar, president, IT & RBO, Axis Bank.
Frauds in India
The most common Net attacks are phishing (fraudulent e-mails) and vishing (fake voice messages and phone calls), data leaks while a card is inserted or swiped on a machine and copying of the personal identification number (PIN). "In India, data loss through cyber attacks decreased sharply in 2010, but the total number of breaches was higher than ever. Fraudsters are not attacking a single individual and getting data, but are spreading the attacks. They are using the same attack message and getting multiple data without a lot of effort," says Jelle Niemantsverdrie, principal consultant, forensics and investigative response, EMEA Verizon Business Security Solutions. Click to Apply for Credit Cards Online
Stealing information through counterfiet cards is also rampant. The data on the magnetic strip is electronically copied on to another card and used without the cardholder's knowledge. The modus operandi is very sophisticated. "A magnetic card reader is installed over the card slot, while a surveillance camera observes the user's PIN," says Rakesh Aulaya, PR manager, South Asia Pacific, NCR, an ATM manufacturer. Though this is common while travelling overseas, it can also happen at domestic ATMs.
ATMs are more vulnerable because banks and other intermediaries have been mandated to increase security in other channels, such as online banking and plastic money usage. Says Uttam Nayak, country manager, Visa: "ATMs have poor security at the location and some controls on other platforms are missing."

Credit Card which satisfy your all requires

A credit card helps the user to purchase the goods and services without the risk of carry the money with them. When the purchase is made, the Credit card holder gives the card to the seller. The seller swipes the card and feeds the secret PIN number as told by the card holder. After the end of each month the card holder is provided with a statement sent from the Authority providing the details of the transactions made by the user during the month. It also provides the information about the exact date of payment of the dues. The company usually provides the customer a grace period of 20 to 40 days depending upon the amount of credit card issued by the organization. There are various type of organization that provide the credit cards like SBI, ICICI,  HDFC, ABN-AMRO etc. The company that issues the card usually charges a certain amount of interest on the amount of total purchase made by the user.
The Credit card provides various kind of benefit to the user. It allows the user to get the short term loans within a small period of time depending on the fact that the total charges are not higher than the maximum credit limit of the card. Moreover it reduces the risk of carrying the liquid cash in order to purchase the goods.
HDFC Credit cards also provide several kinds of benefits to the users. In order to satisfy the different needs of the different customer they have designed their credit cards into various categories. They have cards like Classic Cards, Special benefit Cards, Premium Cards and Commercial Cards. In the head of Classic Cards there are different cards like Silver Credit, Value Plus, Gold Credit Card, Titanium, Women Gold, Platinum Plus, Visa Signature, and World Master Credit Card. The Commercial Cards are also subdivided into several parts like Corporate Credit Cards, Corporate Platinum Credit Card, and Business Credit Card etc.
Like other credit cards ABN-AMRO credit cards provide the user the power to manage the all the finances of them. The ABN-AMRO Freedom credit cards provide different kinds of benefits like it reduces the prices of petrol at the time of making the payment. Through the use of this card the user can earn bonus points. As per the rules the customer earns one bonus points for making a purchase of more than Rs.100. This bonus points can be exchanged later on with an exciting gift hamper. It has also got different variety of cards to satisfy the demand of the different strata of the customer. The different cards are Platinum Card, Make My Trip Card,Smart Gold Card etc.
So the Credit cards provide different benefits to the different people and in this busy life every body should have the access of the cards in order to make their life more speedy.
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