What is CVV Fraud?

CVV fraud is a type of credit card fraud where the thief uses stolen credit card information, including the CVV number, to make unauthorized purchases. The CVV, or Card Verification Value, is a three- or four-digit number on the back of the card that helps verify the card is in the possession of the legitimate cardholder.

Common CVV Fraud Indicators

• Multiple transactions within a short time frame

• Transactions from unusual locations or IP addresses

• Abnormal purchase patterns, such as large or unusual purchases

• Attempts to change the billing address associated with the card

How to Protect Yourself

Protecting yourself from CVV fraud involves staying vigilant and following best practices for online security. These include monitoring your credit card statements regularly, using strong and unique passwords for online accounts, and reporting any suspicious activity immediately.