What Can Consumers Do to Prevent This?
Free credit monitoring is available from companies like
Credit Sesame,
Credit Karma, and
WalletHub. These sites offer credit scores, credit reports, and most important to this discussion, 24/7 monitoring. When abnormalities in spending occur, you will be notified.
Sadly, there is not much more you can do to completely stop a hack like this, other than not using credit and debit cards altogether. I know, I know, this sounds like torture to
some; we are all enamored with the bonus points, free miles, cheaper hotel rooms and other perks of credit cards as well as the ease of not carrying cash around. But the potential of having your accounts hijacked really should cause some pause when using such cards.
The key to it all is this - if you are going to use your cards, make sure you are checking your accounts frequently to make sure no fraudulent purchase are being made.