For online purchases, the answer is generally yes, but with a few caveats. Remember that the credit card security code, also known as the card verification value (or CVV), is the 3- or 4-digit code usually found on the back of your credit card. The purpose of the CVV is to provide an additional layer of security when making purchases over the Internet; it helps to verify that you are in possession of the card, because the code should not be known by anyone other than you, the cardholder. Basically, it is a way to counter credit card fraud.
If you buy online, it is safe to enter your CVV, but you should limit yourself to only well-known and reputable companies and websites and buy from authentic CVV sites. You will find that most online retailers nowadays require a CVV for purchases, which is a good sign; because it means that they are actively trying to prevent fraudulent transactions on their site.
You should also use antivirus software, such as AVG Antivirus FREE, to protect yourself when shopping online. Not only does it protect your devices from malware, but it also blocks unsafe email links, downloads, and attachments to prevent you from becoming a victim of a credit card scam.
And give my CVV in a different place on the Internet?
You may also be asked for your credit card security code when making a payment over the phone. As with online transactions, it is generally safe to do so; you just need to make sure no one is listening to the data you provide (avoid public places).
On the other hand, when purchasing an item or service in person, you should never provide your CVV. In fact, the retailer or service provider doesn't need it. The CVV does not appear when the card is scanned normally, and if necessary, retailers and service providers have other ways of verifying that you are the authorized cardholder, for example, by using a signature or other form of identification.
Providing your CVV on purchases made physically will only serve to give someone the opportunity to steal the information. In this way, you would have everything you need to carry out a large number of fraudulent transactions online.
Tips to stay safe
To avoid security problems or credit card fraud, you can do several things:
1.Shop online only from reputable and trustworthy websites. And when you do, follow our seven golden rules for safe online shopping.
2.Install powerful cybersecurity software, such as AVG AntiVirus FREE, on your PC, tablet or smartphone. It will help you stay away from malware and phishing messages that could lead you to fake websites designed to steal your personal data.
3.Check your bank statement frequently for any charges that have not been authorized.
4.Never read your full credit card details on a public site. And never write them anywhere to prevent others from finding them.
5.Avoid making payments over the phone with a credit card, unless you are making the call directly and have obtained the number from a reliable source. Scammers call their victims and convince them to pay money immediately for a non-existent problem.
6.Please do not provide your CVV when making a payment in person. They should never be asked and if someone does, they should be suspicious!
