Actually, fraudulent activity can take place any time of the year. Just ask me. I just got off the phone with American Express because someone decided my card would be a good one to go on a shopping spree with — around the world. No fun.
At any rate, whether you are shopping with credit cards or processing them online, make sure you keep a heightened level of awareness so you don’t become the next victim.
What can you do to protect yourself? Online you can make sure that the merchant you are shopping with uses a secure shopping cart. You can normally distinguish this by looking to make sure a lock symbol appears at the bottom of your computer screen. As a merchant, ensure you have the highest level of checking set — check that address and zip agree and you may even want to tighten up and get that CID 4-digit number.
And last but not least, check your statements. If your credit card company allows flags for “unusual activity” turn them on. That’s how I found out my card was compromised.
What about you? Do you have other suggestions to share? Leave a comment.