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Credit card fraud isn't new, the firms seem to be finding a head on how t...
Have you been worried about your credit card or debt card being stolen? Youre one of many, its estimated that 51% of individuals in the UK are concerned about their credit and debt cards being taken. Charge card fraud is more people employing their cards, and with a agreement fear as there primary source of investing in goods and services. It offers the criminals many more chances also get data from our cards.
Bank card fraud isn't new, the firms seem to be getting a head on how to stop the thieves, and then they produce a way its a never-ending problem. Credit card skimming is just among the problems, that's where they get the information from the magnetic strip and transfer it on to another card. The companies are trying hard to fight back and they have hit back with the pin & chip card, which is apparently reducing fraud but give time to it no doubt the criminals will see a way around that.
There are approaches to help your self with debt and credit card fraud, below are some of use ideas keeping in mind the criminals at bay.
Never allow your credit or debt card out of your picture
Never hold your Pin number together with your card
Your Pin number is given by dont out to anybody
When withdrawing cash from an ATM unit ensure no-one can see your Pin number
Check always bank statements meticulously bank is contacted by any problems quickly
Investing in goods with your card double check the quantity before entering Pin
Keep chequebook and cards independent at all times
Report your lost or stolen cards straight away
Ensure you destroy claims and old cards precisely, making no account numbers obvious
The tips above will help you to fight credit or debt card fraud but we have to be vigilant at all times. As I said earlier with more people paying for products and services with there cards, it gives the thieves more opportunities to have our information so its around us to do what we can. With online shopping becoming extremely popular plenty of us worry about investing in things over the net, creditors are trying to put our minds at rest. With most of them giving you additional fraud cover most give this cover free, but some do charge you so just talk with your bank card company.
so lets hope in the longer term that the credit card companies, may rid us of credit card fraud credit and debt cards are here to remain but I'm afraid its major business costing us thousands annually.