Protecting Against Fraud

A recent news story described how a Visa processor had its databases broken into by hackers. A breach of this kind is serious and potentially dangerous. Credit card processors house very sensitive information on their internal systems, and sometimes, despite the best precautions, this information can become compromised.

Here is what the Credit Union advises to protect against fraud.

1. Monitor your personal accounts regularly to keep track of the transactions being conducted on your accounts.
2. Use Money Link and Visa Online to check each of your accounts -- once a day is advisable.
3. Check your monthly statements carefully. Balance your accounts each month and check each item on your Visa statement against your receipts.
4. If you find a suspect transaction (such as a purchase made in Las Vegas when you haven't been to Las Vegas), call our Card Services area immediately.

All the best security in the world may not stop criminal activity, but by taking precautionary steps personally, you can help protect yourself if your card should become compromised.