Imagine the following situations:
-> Someone rummages through your rubbish to find discarded receipts and then uses your account numbers illegally.
-> A shop keeper keeps a copy of your credit or debit card and then uses it to pay for other transactions.
-> A mailing asks you to call a long distance number to claim a free prize. You are told to provide your account number to sign up. You do so and are billed for transactions you never made.
Credit card fraud is a huge industry costing consumers and card issuers hundreds of millions of pounds each year. It is a form of theft that is much more discrete than traditional robbery. While it is difficult to completely prevent card fraud from occurring, there are steps you can take to minimize your chances of becoming a victim.
Guard Against Fraud
Here are some tips you can take to help protect yourself from card fraud.
Do:
-> Sign the back of your cards as soon as they arrive.
Carry your cards separately from your wallet.
-> Keep your account numbers, expiry dates and company phone numbers and addresses in a safe place.
-> Watch your card...
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