What to Do if Your Credit Card Has Been Stolen or Compromised?
When you become a victim of credit card fraud, you need to contact the financial institution or credit card issuer and report the problem with your card. Follow the recommendation from the bank on how to file the fraudlent uses of your credit card, request that they cancel the credit card and then ask for a replacement.
Save any transaction details in case the bank or credit card issuer requests it. Report the fraudulent transactions to the authorities, since they might be able to track down the criminal's location and arrest them.
Tip: Check with your country's central bank website and your credit card issuer on how you can protect yourself from paying the amount used by the scammer. For example, in Malaysia there's a rule that cardholders need not pay more than RM250 ($80), since that's the limit for consumer liability. Banks are not allowed to charge the credit card holder the total amount used by the thieves and that is applicable only to card holders in Malaysia that have reported the credit card problem (stolen or compromised) or have followed the guidelines of the credit card issuer.
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