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Haste certainly doesn’t make waste if you’ve suffered from an entity getting hacked resulting in a data breach. Don’t waste a single minute delaying notifying affected accounts! In the case of a credit card company, they will investigate; you won’t have to pay the fraudulent charges. The breached card will be closed, and you’ll get a new one. And there is more.
All sounds simple enough, but the experience can be a major hassle. Below is what you should do upon learning your card has been breached:
If your credit card was compromised, you also must contact every company or service that was on autopay with the old card. This includes quarterly autopays (e.g., pesticide company) and yearly autopays, like your website’s domain name. Don’t forget these! You now have to transfer all the autopays to your new card.
But you also must consider the possibility that your credit card breach is only the beginning of more ID theft to come. You now must be more vigilant than ever. If it can happen once, it can happen again.
Other than tampered ATMs and retail clerks taking your card out of your view to collect payment, there are tons of ways your personal information could get into a thief’s hands. Here are steps to help prevent that:
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Oleksandr Strozhemin Co-founder and CEO at Trinetix
13 August
Elaine Mullan Head of Marketing and Business Development at Corlytics
12 August
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
Donica Venter Marketing coordinator at Traderoot
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