Card Testing Alert: Protect Against CVV Fraud

What is Card Testing?

Card testing is a process where individuals test the validity of stolen credit card information to see if the cards are active and can be used for fraudulent transactions. This is a significant threat to consumers and financial institutions alike.

Identifying a Card Testing Alert

Keep an eye out for unusual account activity, such as multiple transactions in a short period or purchases from locations you haven't visited. These could be signs of card testing.

Protecting Yourself

• Regularly monitor your credit card statements for any unauthorized charges.
• Use strong, unique passwords for all your online accounts.
• Update your software and use a reputable antivirus program to protect against malware.

Reporting Fraudulent Activity

If you suspect card testing or any fraudulent activity, report it to your bank immediately. They can help you freeze your card and prevent further unauthorized transactions.