Mark Hauser Underscores the Importance of Staying Safe With Rampant Credit Card Fraud Online

Mark Hauser is the co-managing partner at Hauser Private Equity, where he has been advocating for and assisting in his client’s journey toward financial security. Along the way, Hauser understands that severe financial hurdles can be put in place, often from actions that exist outside of our control. One of the most common financial hurdles many people have to overcome is of credit card fraud.

Rampant credit card fraud and the negative impacts it can have on our financial lives have pushed Hauser to pen his thoughts on overcoming the issue. Let’s explore Hauser’s thoughts and ideals as we navigate the realities of fraud.

Why Is Credit Card Fraud So Common?

Credit card fraud is a relatively common crime perpetrated by fraudsters all over the world. Credit card fraud is widespread because it can be accomplished from anywhere on the planet and to anyone in the world.

According to a report published by Statista, credit card use has risen from 2020 to 2021 by more than seven percent, showing more potential for fraud along the way.

Credit card fraud collectively refers to the illicit use of an individual’s credit card. Sometimes this might mean that a lost or stolen card was recovered and used against the owner’s permission. Another example of credit card fraud involves the leaking of data from a merchant’s website.

No matter how your credit card details get into the hands of a fraudster, it is up to you to act quickly and overcome the hurdle.

Overcoming Credit Card Fraud With Mark Hauser

As the leader of Hauser Private Equity, Mark has had to overcome many financial hurdles on behalf of his clients. Adjusting to the realities of potential credit card fraud is not an easy task, but it doesn’t have to be convoluted, either.

Mark Hauser suggests a few simple steps so that you can retain security and confidence in your response to potential fraud.

1. Contact Issuing Bank – You first need to shut down the card that has been stolen by contacting the issuing financial institution. Getting them in the loop early on will allow you to minimize potential issues.
2. Contact the FTC – Next, Hauser suggests that fraud victims reach out to the FTC to make their situation known. File an Identity Theft Report as well as a local police report.
3. Sign Up For Fraud Detection – With limited liability in place for a lost or stolen credit card; it might be wise to sign up for fraud detection services with a credit bureau.

With a quick and proactive approach to credit card fraud, you can put the issue in the past while embracing a more secure financial future.