What is a fraud alert?

A fraud alert is a type of warning in Washington that is used by credit card companies to help protect consumers from credit card fraud. A fraud alert is triggered when a consumer reports that their credit card has been lost or stolen, or if they suspect that there may have been unauthorized activity on their card. When a fraud alert is issued, credit card companies will take extra steps to verify the identity of the cardholder before allowing a transaction to go through. This may include confirming the cardholder’s identity by phone and asking additional questions to verify their identity. The alert also notifies the cardholder’s other credit card companies about the fraud so that they can take further steps to protect against any unauthorized activity. The fraud alert is meant to protect the consumer from fraudulent activity, and help ensure that the consumer’s personal information and financial data remain safe and secure.

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What is a fraud alert?

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