Recently, Raj Kumar (name changed on request), a Delhi-based writer, lost Rs 60,000 to credit card fraud. His card was used to make a purchase in London even though he had never left Indian shores. With card frauds being easy to carry out in foreign countries once a criminal has obtained your card details, card owners need to learn how such frauds happen and take steps to safeguard themselves.
In many foreign countries, you don't need two-factor authentication. At a point of sale in India, you need your card and a PIN. To carry out an internet transaction you need