How to avoid credit card scams?

Credit card frauds are a nightmare for all individuals. According to the Federal Trade Commission (FTC), the most prevalent scam in 2020 was the credit card scam. The scammers stole around $149 million.

While knowing what to do if you’ve been a victim of credit card theft is crucial, practicing credit card safety from the minute you obtain a new credit card will go a far toward preventing credit card scams.

How to avoid credit card scams?

To fool you or steal your personal information, scammers employ various strategies. During times of crisis, such as the covid-19 outbreak, frauds tend to increase. Criminals try to take advantage of us when we are most vulnerable.

Knowing what to look out for often can help decision-making and avoid credit card fraud. Let’s look at some easy techniques to avoid being a victim of fraud:

Use only secure websites

A padlock will appear on the left side of the URL bar if the site is secure. Furthermore, the URL will begin with HTTPS. Any site that begins with HTTP is not secure. Don’t use a non-secure website to enter your credit card information. And a company that does not provide data protection to its consumers does not deserve your business.

Phishing

Scams can be delivered via phone, email, or text. The goal is to get you to divulge your banking details. Scammers may phone and claim to be from a reputable organization, such as a bank or the Social Security Administration.

Today’s frauds are pretty sophisticated in terms of technology. For example, you may receive an email with what looks to be your bank’s logo and believe it to be genuine. However, you can tell an email is fraudulent if it asks you to respond with your credit card account number.

You will never be asked to provide critical information in this manner by the government or a financial institution. If you see mistakes in the communication, you can tell if it’s a hoax.

Skimming

Skimmers are commonly used by credit card criminals to obtain your credit card details. Hackers try to hide these devices on ATMs and gas pumps so that they may “skim” data from your credit card’s magnetic stripe on the back.

Look for evidence of tampering when you pay for gas or withdraw money from an ATM. Pay for your petrol inside the store if you’re hesitant. If an ATM appears to have been tampered with, look for another ATM linked with your bank. Of course, if possible, use your EMV chip credit card, though not at an ATM.

No publicizing of personal information

Spend a couple of hours on any social media platform if you believe this does not need to be mentioned. Also, if you have older children who use the internet, have a serious discussion about this. Thieves scour social media for information about your life and finances that they can piece together.

Do not save your credit card details on the internet

Understandably, following this rule is brutal. Because you must pause, locate your credit card, and enter the account number, all of this is a time taking process. But, a data breach can happen even with merchants you know, so storing personal account information on the web is not a good idea. However, if you can type in your card account number every time, it’s an excellent approach to reduce your fraud risk.

Do not use public Wi-Fi

Since public Wi-Fi networks are frequently unsecured, you’ll be susceptible to hackers if you give out your credit card number or bank account information. In addition, scammers may be loitering in public places, waiting to pounce on an unwitting victim and take their data. So sit tight until you’re on a secure network to make any financial decisions.

Make it a habit to protect your credit cards

You can indeed be cautious about preventing credit card theft and still fall victim to it. However, by doing everything you can to prevent it, you will have significantly lowered your risk. First, check your online financial accounts multiple times a week to avoid credit card fraud. Look for evidence of shady transactions and report them right away. You’ll go a long way toward limiting the financial – and emotional – harm if you catch fraud early.

Summary

Credit card scams are a common occurrence these days. Hence the need to protect ourselves from falling victim to such scams. Taking safety measures such as avoiding making payments over public Wi-Fi, not having them auto-saved, not posting private data on social media, etc., can do a lot of help. But, at the same time, these things will certainly not protect you wholly but can lessen the impact of the scam.

Ethereum has fallen below $2,400. What Does This Mean for Investors?

After hovering around $3,000 for much of the month, Ethereum has been losing value since late last week, when it fell below $2,900 on Thursday. Since then, the price has continued to fall.

Ethereum has had a rocky start to the year, with the price falling below $2,200 in January — the lowest it has been since July 2021.

The recent volatility in Ethereum comes amid rising inflation, the stock market’s worst month since March 2020, and ongoing indications that the Federal Reserve will begin raising rates at its next meeting in March to combat inflation. Government officials have also expressed an interest in more crypto regulation and even the creation of a government-issued digital currency.

Bitcoin, like Ethereum, has stalled over the last month after a strong November; Bitcoin set a new all-time high when it crossed $68,000 on November 10. The price of Bitcoin and Ethereum is likely to fluctuate further in the future, and experts’ advice to investors remains unchanged. Despite the late slump, Ethereum finished the year far above where it began: in January 2021, the price of Ethereum was just over $1,000.

What Should Ethereum Investors Do?
Experts advise ignoring the ups and downs, as with any long-term investment. The recent high price does not imply that Ethereum’s volatility has subsided.

“The real question is whether or not people who own these coins will continue to see compound, exponential growth.” “Nothing in the fundamentals of cryptocurrency leads me to believe that answer is yes,” says Jeremy Schnieder, the investing expert behind Personal Finance Club.

Because there is no guarantee that the value of any cryptocurrency will rise, experts advise never investing more than 5% of your portfolio in cryptocurrency. Never invest at the risk of failing to meet other financial objectives, such as paying off high-interest debt or saving for retirement.

If you’ve met all of those criteria, the best thing you can do is ignore the buzz surrounding new record highs and lows. As with traditional long-term investing, the best thing you can do is “set it and forget it,” according to Humphrey Yang, the personal finance expert behind Humphrey Talks.

Why Android Development is the Right Career Choice?

Android is the dominant mobile OS (Operating System) in India, with more than 94% market share. It is driven by a surge in smartphone and tablet users that leads the companies to build more feature-rich applications for their target audience.

If you want to pursue a career in Android development, read on, as here is an overview of the Android ecosystem along with the opportunities and future scope of mobile app development.

What Does an Android Developer Do?

Android developers perform a variety of tasks. From designing & building advanced applications to troubleshooting & fixing issues in the new and existing apps, their job role comprises of many such responsibilities.

For a smooth workflow, developers get proficiency in working with various tools & IDEs. It includes:

Android Software Development Kit (SDK)
Android Studio by Google (official IDE to develop apps)
IDEs such as NetBeans, Eclipse, and more
Delphi, CoronaSDK, Basic4Android, and other third-party tools
Programming languages like Java, Kotlin, C/C++, and more

Why Android Development as a Career is the Right Choice

Android is leading not only the Indian market but also the global mobile OS market, as above 72% of smartphones run on the Android operating system worldwide today.

Below are some of the potential advantages of choosing the profession in this field:

1. Open-Source

Android SDK is free to download and contains no licensing fees. Also, developers can use the source code available through the community platform for developing robust applications.

2. Developer Friendly

Android apps are highly adaptive and can have a plethora of options to customize UI/UX. It enables developers to create proposed apps for businesses while meeting deadlines and budgets.

3. Versatile Platform

Apart from smartphones, supported devices such as wearables, televisions, and more can run on the Android OS. That means apps are not limited to be developed for mobile users only, and a bright scope of penetrating other markets is present.
Android Helps Businesses to Grow Exponentially

Many smartphone brands across the globe have gained immense popularity after adopting Android as the mobile operating system.
For instance, soon after the launch of the first Android phone in 2009, Samsung generated huge revenues compared to other mobile giants, including Nokia, BlackBerry, and more.

Some of the main reasons behind the success of Android-powered businesses are:

Low investment & high ROI
Multiple sales channels
Intuitive user interface
Easy adoption, and more

Therefore, many brands are turning to build & launch Android-based smartphones in the market.

Job Opportunities for Android Developers

India is a huge IT hub for globally renowned companies. It includes Google, Facebook, Uber, and more. They continuously assess & select expert professionals for their various app development projects.

Besides, the magnified demand for mobile apps has led organizations to hire more and more developers to meet the requirement. Each app introduced on the Play Store gives stiff competition to others, which creates enormous opportunities for developers to implement their creative ideas in the app features.

Android developers can get handsome pay as well. According to Glassdoor, the average salary of an Android developer is ¹4.5L per annum in India as of April 2020. With the required talent and expertise, they can earn even higher income from diverse organizations.

Future Scope of Android Development

To conclude, the IT industry has offered a good career potential in Android development. And, it is likely to remain a favorable job profile for the mobile app developers for many years to come.

If you want to enhance the knowledge and skills for building efficient apps, you can join an Android app development course. It can help understand the technical know-how to address real-world industry challenges.