List five steps that can be taken to protect from credit card fraud

What will be an ideal response?

Any combination of the following.
1. Do not lend the card to someone else, or make it easy for people to have access to your card.
2. Do not write the PIN (Personal Identification Number) on the card.
3. Do not carry too many cards at the same time.
4. Write down telephone numbers of credit banks and keep them in a separate, safe, and handy place, and use them to report lost or stolen cards.
5. Immediately report lost or stolen cards.
6. Check your credit card receipts to make sure that the right amount is charged.
7. Check monthly statements carefully, or online statements regularly. Shred them.
8. Set automated notification via e-mail or mobile phone for large transactions.

Business

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Indicate whether the statement is true or false

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