Transaction fraud is the illegal use of a debit card's details without the owner's knowledge. The risk of fraudulent transactions has increased with the transition to the digital world. Personal information is commonly obtained through darknet and phishing attacks.

Phishing red flags include insistent and urgent language. In case of an emergency, the customer service or support team will not contact you via email. Do not send personal information through email or text messages. Also, be cautious of dubious attachments, as they may contain viruses that could steal your information. Avoid opening attachments with strange names or uncommon file types. Additionally, please note that winning a contest or a lottery is not guaranteed. To win a lottery, you must enter it. Be cautious of emails regarding inheritance from unknown relatives or prizes that require payment.

If you have already been a victim of fraud, the first step is to identify the type of fraud. The FBI has identified 33 common types of fraud, such as health care fraud, identity theft, investment fraud, and prime bank note fraud.

After an incident of fraud, it is crucial to block all compromised channels to prevent the perpetrators from attempting it again. If you need to change security details, such as your PIN or passwords, keep them short and straightforward.

If you claim to be a victim of fraud, you must have evidence to prove it. This is necessary for two reasons:

1) proof is required in court cases, and
2) evidence is necessary to substantiate the allegation when complaining to the relevant financial institution.

Find more about identity theft and fraudulent transactions on our blog https://consumerattorneys.com