If fraud occurs: immediately block the compromised card, officially notify your bank with transaction details (don't argue, provide facts), and file a police report. Prevention: 1. Segregate Funds: Use a separate card for daily transactions and online payments, keeping a minimal balance. Store main funds in a separate account or on a different card. 2. Set Limits: Implement daily spending and withdrawal limits on your cards. Adjust limits only when necessary (e.g., at an ATM for cash withdrawal). 3. Bank Insurance: Consider having bank insurance that covers card fraud. 4. ATM Vigilance: Inspect ATMs for signs of skimmers (unusual attachments to card slot or keypad, hidden cameras). 5. Online Security: Be cautious with online purchases, as card front details (for 2D shops) or CVV can be compromised. Card data compromise can happen through physical skimming devices or via online means. Local law enforcement may have limited capacity to resolve such cases.
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