Loss or theft of the card:
It is when a card is physically stolen or lost and someone has been found, and then is used by another person who pretends to be you.

Duplication or skimming of card:
The duplicate of the card is encoded and is performed without the permission of the card company. Most cases involve the copying of information from the magnetic stripe of a card without the knowledge of the true owner. This fraud will be unconscious until the unexplained costs on their bills.

Theft of data:
This happens when you steal your card information during a transaction or by a receipt and use it to shop at a distance, for example by telephone or via the Internet.

Theft of the card before we receive by mail:
This fraud occurs when your card is stolen before reaching his home. Usually the financial institution where the card is sent by post

Changing the identity cards:

This fraud is where a trickster uses your personal information to open an account in the name. There are two types:

• Use of Fraud: The fraud occurs when a criminal steals documents such as bank statements, and uses them to open a new account in your name.

• Taking ownership of the account: This one fraud scammer will use your personal information to become you and convince the bank to direct payments to another party.

Cashier fraud:
This type of fraud is carried out by placing false entries of cards that read the magnetic strip and stores it for later be copied; this method is usually combined with a keyboard that also stores your code or a secret chamber at the top to be able to record the number. This way they can make a copy of the card and withdraw money from ATMs without any problem with obtaining the PIN.

How to prevent fraud financial institutions?
The chip and pin was tested in late February 2006 in the UK and is a combination of two security features. The first is the computer chip in the front of the card that stores the information with more security than a magnetic strip; the second is that your personal identification number (PIN) is required for all purchases. This makes the cards more reliable than magnetic strip signatures.

Many card issuers make their own bases of fraud and monitor any unusual transaction that is made with the card is detected and then contacting the owner to ensure that the transaction was legitimate.

What happens if fraud?
Call the card issuer immediately! If you’ve been a victim of fraud is almost always the financial institution shall bear the costs. Not only will refund all the money lost, but your credit will not be affected, however the entity assumes that you have taken basic precautions like not to tell others the secret number.

What steps can I take to prevent fraud?
There are many simple measures you can take to reduce the chances that the scammers are waiting. These are:

1. Immediate knowledge of the entity is lost or stolen cards.
2. Never lose sight of your card, treat it as if money is involved.
3. Never tell anyone your password or store any reminder of it around your card.
4. Check your bills carefully as soon as it has in his possession to see if there are unknown purchases
5. Use it only in shops which rely on, if you have the slightest doubt, do not use it. Before entering your card at an ATM make sure the keyboard is original and not cameras over there, and that the entry of the card is also original. Also covers the other hand when you enter the PIN number.
6. Keep your mobile phone in which the entity has provided, so that in case of loss or theft can cancel them immediately.