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I was never careful about my CVV number. However, unfortunately, last year due to a mishap that happened as a result of hacking, I lost around 1 lakh rupee. This incident happened because of my carelessness in disclosing the CVV number. It was then I learned from my lesson and understood what does Card Verification Value means, and how can I protect it.
What is Card Verification Value:Card Verification Value is abbreviated as CVV. It's also known as the security code on a credit card. It is a three-digit number found on the backside of Visa, Mastercard, and Discovery cards. The CVV for American Express cards is four digits long and may be located on the front side of the card.
The CVV is a standardised characteristic on all bank cards, credit, and debit alike. This piece of information is frequently used by consumers when shopping online.
Every card has a three- or four-digit code that is unique. This number is used to protect you from fraud and to verify the card's authenticity.
Pay your utility bills using credit cards through NoBroker and earn reward points on your card. Where do you find the CVV?The CVV is printed on the backside of most cards, usually beneath the signature panel. The final four digits of your credit card number — the 13-digit sequence engraved on the front face of the card – are occasionally listed with the CVV. It's worth noting that the CVV doesn't include the first four numbers.
American Express cards deviate from the usual by displaying their four-digit CVV numbers on the front.
Get stress-free home loan disbursement through NoBroker home loan services. How does it work?Transactions automatically check the number to ensure that the card is active and in the hands of an authorised cardholder.
This information cannot be recorded by merchants or enterprises. As a result, if hackers get access to their databases or websites, they won't be able to acquire your CVV number.
Your CVV is not required by all online retailers. If they do, it's usually only for first-time purchases and not for subsequent purchases. If you are a frequent visitor to that site, this can raise your risk of identity theft.
Four suggestions for keeping your CVV number safe and avoid fraud:
Don't tell anyone your CVV
Don't email your credit card details
Do not share photos of your card. Don't do that, whether it's via text message or email
Don't use your debit card to make purchases. Credit cards are safer and have more security measures than debit cards when it comes to fraud protection
I conclude my answer about what does Card verification value means. I do not want anybody to go through what I faced last year. Hence, guys please be careful and always try to protect your CVV.
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What is Card Verification Value?
Arunima
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3 Year
2022-04-18T17:42:54+00:00 2022-04-18T17:42:55+00:00Comment
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