With the increase in online transactions, payment fraud has also been on the upswing. You can fall victim to fraudulent transactions without proper payment fraud awareness. Cybercriminals use phishing, pagejacking, etc., to steal private information, or cheat netizens through fraudulent transactions. Payment fraud prevention comprises the various steps that you must take to keep your data and account information safe. You can protect yourself from such activities using antivirus software, encrypting transactions, and by updating website tokens and plug-ins.