The credit card industry has always been targeted by hackers and thieves, and that is unlikely to change any time soon. Unfortunately, the most common scams have changed right along with technology, which means scammers are always coming up with new tricks that catch the general public off guard.
According to a 2021 identity theft study from Javelin Research, scammers have mostly graduated from counterfeiting credit cards to more significant crimes like identity theft and savings account takeover. In the meantime, criminals have increasingly started targeting consumers directly with scams that aim to get them to reveal personal information that lets the hacker take over their identity.
While nobody knows for sure what the future holds, it’s safe to say financial scams cause headaches and financial losses. Still, you don’t have to be a victim if you’re careful. Read on to learn more about some of the biggest credit card scams to watch out for in 2022, as well as how you can protect yourself.
Identity fraud scams
Where criminals once focused on perpetrating fraud at an institutional level, data collected from Javelin Research shows that hackers are focusing more and more on ensnaring individual consumers with scams. Many times, individuals wind up communicating with criminals via email, text message or phone, which has been easier to accomplish as more people stayed home during the pandemic.
“Criminals follow current events, and unfortunately the pandemic has provided…