Your credit card can be cloned
How safe is your credit card? Plastic cash that lets you buy almost everything by just swiping the card can also turn out to be your worst nightmare. This is not an isolated incident. With the use of the credit and debit cards on the rise, their misappropriation has become a major worry for one and all. Credit card users in India have been robbed of crores of rupees due to card-cloning over the years. International bank cards frauds have also risen, taking advantages of the loopholes in the system. In many cases, Indians have used details from foreign credits cards to swipe away millions. The offenders often get away as laws are not very stringent in India for such acts of crime. The maximum punishment would be imprisonment for up to three years. Credit card skimming has become a serious problem all over the world. This cost a loss of huge $1 billion a year. A fraudster anywhere in the world could be using a cloned credit card with your name and account number on it. Have you stopped