Final answer:
To reduce credit and debit card fraud, one should use secure payment gateways, frequently monitor bank statements, keep card details confidential, and enable two-factor authentication. Additionally, use strong passwords, anti-virus software, and inform the bank of any personal detail's changes.
Step-by-step explanation:
To minimize the possibilities of someone using another person's credit card or debit card for fraudulent purposes, several measures can be taken:
- Using secure payment gateways: This helps ensure that the information is encrypted and protected during online transactions.
- Regularly monitoring bank statements: Checking for unauthorized transactions can help detect fraud at an early stage.
- Keeping card details confidential: It is essential to protect your credit and debit cards information by not sharing it and being careful where you enter these details online.
- Enabling two-factor authentication for online transactions: This adds an extra layer of security by requiring a second form of verification.
Additional steps include using passwords and PINs that cannot be easily guessed, installing anti-virus software on your computer, and notifying your bank whenever you change your address or phone number. Also, it's important to protect your mailbox and wallet from theft. Exercise caution when providing personal information and understand how it will be used and who will have access to it.