Credit card fraud refers to a scammer using your credit card number and PIN or your stolen credit card for financial transactions from your account and without your knowledge.
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When your credit card is used for a transaction by someone else without your knowledge, it is known as unauthorised charge. This can happen when you lose your card or when your card or card information gets stolen.
A counterfeit credit refers to a fake card that has actual credit card information on it. The card information will belong to the victim and it will have encoded magnetic strips and the logo of the credit card issuer.
Moreover, you can buy an credit card protection plan to protect yourself against financial losses in case of fraud.