03 Oct 2025 | 5 Mins Read
Understanding credit card fraud: Types, detection and prevention
Flipitmoney
Credit card fraud occurs when someone steals information without consent to make transactions, withdrawals, or purchases, translating to cash loss and damaging credit scores. Common forms include skimming, phishing, card-not-present fraud, and identity theft. Early detection through regular statement checks, transaction alerts, and credit report monitoring can prevent losses.