Credit Card Fraud

Don’t be a victim of card-cracking, the fastest growing form of card fraud. If it sounds too good to be true, it probably is. If someone asks for your card information in exchange for payment, be aware. Fraudsters are taking advantage of cardholders by gaining access to their account and card numbers to make phony transactions in exchange of the cardholder then making false allegations about their card usage and receiving reimbursement for the “stolen” card. Both parties are held liable for the fraudulent activities.

Remember these things when trying to determine if you are a victim of fraud:

  • Offers on social media that provide quick money in exchange for access to your savings or share draft account really are too good to be true.
  • Never provide your account number or debit card number over social media. ABFCU will never ask for this information via social media.
  • Be aware of any ads related to card cracking on social media. If you see an ad, report it immediately to the social media site.