Credit cards are the most popular way to make purchases online, but they also provide the best opportunity to launder money.
Now, the Federal Trade Commission is warning credit card users that if you do not protect yourself from fraudulent activity, you could be the victim of identity theft.
The FTC’s new website, creditcardfraud.com, lists the most common types of credit card fraud:Credit cards that are not linked to your name, address or other personally identifying information, which allows you to open a card without revealing any personal information, and cards that use magnetic stripe technology that allows thieves to copy your card number or PIN.
The most common type of identity-related fraud, the FTC said, is credit card identity theft, which involves using someone else’s identity to open fraudulent transactions.
It is the second-most common type after identity theft itself, which is the third most common, it said.
The site also warns that while it’s important to avoid identity theft if possible, if your credit card is stolen or lost, it’s best to get the money back or notify your bank or credit card company immediately.
If you’re looking to spend money online and want to know if there’s a better option than using a credit card or other online shopping site, the company recommends that you check with a credit bureau to make sure it’s safe to use.
The company recommends checking the issuer’s online customer service and customer service complaints policies to see if it’s the right one for you.
The FTC’s website also has tips on how to protect yourself.