The key to protecting yourself from formjacking is, as I always advise, to never use your debit card for any retail purchases. If your credit card is used for fraudulent purposes you cannot be assessed more than $50 for such use and most credit card companies charge consumers nothing if their card is used fraudulently. However, the potential liability of a person whose debit card has been compromised can reach his or her entire bank account tied to the card if the card owner does not report the crime promptly and even if the card owner does report the theft promptly, the debit card owner’s access to his or her own bank account is frozen while the bank investigates the crime. Consumers should refrain from using their debit cards for anything other than an ATM card. Use a credit card for all of your card purchases to achieve greater consumer protection. In addition, you should regularly monitor your bank account tied to your debit card in order to discover as soon as possible if fraudulent use of your debit card has occurred so that you can report it to the bank and limit your liability. You also should regularly monitor your credit card account, preferably online in order to promptly recognize if your credit card’s security has been breached.
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