London Is The Capital Of Fraud - page 2

9 months ago 28th Jan 14:24

“The dramatic increase in card fraud shows no sign of abating which isn’t surprising given the desperate measures some people will resort to during the recession. Fraudsters are becoming increasingly sophisticated, especially when it comes to online transactions which are a particular cause for concern.

“Cardholders need to remain vigilant with their cards and take the necessary steps to protect themselves – from checking statements more frequently to keeping sight of their card when paying for transactions. It might seem like simple steps but they will go a long way in preventing fraud.”

The life assistance company CPP is urging consumers to remain vigilant in the fight against fraud. While almost a fifth of cardholders (17%) say they are more worried about card fraud compared to last year – and 18% of those surveyed say they will even resort to using their cards less – only a third say they will check their bank statements more frequently, meaning that many small transactions could slip through undetected.

Top tips from CPP for keeping your cards safe in 2009:

· Sign up to Verified by Visa and MasterCard SecureCode as it will largely put a stop to lots of unauthorised online spending

· Don’t let staff take your debit/credit card out of sight, even for a second

· Check your receipts against your statements when you get home

· Don’t let someone else take money out on your behalf

· Don’t carry multiple debit/credit cards in a wallet

· Don’t carry debit/credit cards loose in a bag or pocket