online payment fraud

Online payment fraud occurs when someone illegally steals your financial information—like credit card details—and uses it to make unauthorized purchases or transactions. This can happen through phishing emails, fake websites, data breaches, or malware. The fraudster gains access to your confidential data and exploits it, often without your immediate knowledge. Such scams can lead to financial loss, damaged credit, and the hassle of resolving disputes. Protecting yourself involves vigilant handling of sensitive information, using secure websites, and monitoring your accounts regularly to spot suspicious activity early.