What should I do if my credit or debit card is lost or stolen?

What should I do if my credit or debit card is lost or stolen?

Robert Siciliano (Identity Theft Expert and CEO) gives expert video advice on: How do identity thieves steal my credit or debit card information?; Can using an ATM make me vulnerable to identity theft?; How can I prevent identity thieves from stealing and using my credit or debit cards? and more...

In the event that your credit card or your debit card is lost or stolen, the very first thing you need to do is call the issuing bank and cancel that. Then any electronic funds transfers that you have set for that particular account. You need to start to call those companies as well so that when they go to make those electronic funds transfers, that you do not default and incur extra fees.