Inside LADA

February 22, 2019: Don’t Let Crooks Tap Your Wallet with Credit Card Scam

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Consumers should beware of scammers trying to steal personal information as some credit card companies issue new “tap-to-pay” cards.

In the New Credit Card Scam, fraudsters contact people who may be receiving the new cards and claim to be from the issuing company. The crooks tell their victims they must provide personal or financial information to activate the cards. Then, the scammers use the information to commit identity theft.

Credit card companies typically include a phone number or website for new card activation and won’t call or email asking for personal information.

TIPS:

  • Don’t provide personal or financial information through an unsolicited call or email.
  • Don’t click on a link in an email message unless you’re sure the source is legitimate.
  • If in doubt about activating a new credit card, contact the financial institution that issued the card.

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