A card security code (CSC), also referred to as CVV, is an added security measure featured on credit and debit cards. However, as this code is not a widely used security feature on many websites the credit or debit card holder is still prone to being a victim of internet fraud.
CSC limitations explained
The CSC helps card holders to be protected against credit card fraud as without the CSC code, a third party cannot access your account information, thus increases security and protects card holders from scams and unauthorized use of their credit and debit card. Although this security measure reduces the risk of fraud, it has a few limitations that cannot be undermined; some of which are outlined below:
- A card security code cannot provide protection against phishing scams. The increase in phishing scams has caused cardholders to become more cautious of fraudulent websites that mislead them to part with confidential information regarding their credit or debit card.
- Some cards do not have a card security code on them thus reducing the number of holders who are able to benefit from them. It is not a feature which is available to all card holders.
- Cards which do not have a card security code are subject to stringent fraud screening as fraud is more likely in the case that a card is without a security code.
- Some websites do not require customers to enter a CVV code therefore making the code on their card ineffective.
The feature adds an extra step to online payment transactions however it helps reduce the risk of internet fraud. Card security codes are an important feature on credit and debit cards as they allow a higher level of security for these online payment solutions.