Christmas Is A Time For Giving But Not To Fraudsters
Bank accounts and credit cards will be feeling the strain as we splash out on Christmas shopping and entertaining. It’s reckoned total spending on plastic alone over the festive season will hit 32 billion in the UK.
Online shops are expecting record sales and ATMs will be working overtime as we take out cash. However the big spending will mean big opportunities for fraudsters. Most of us are concentrating on enjoying the festive season but for crooks it is an ideal time to make some extra money.
The good news is that the introduction of CHIP and PIN technology has cut the levels of fraud. In the first six months of this year it was down to 209 million. But that is still a lot of money and the bad news is that online credit card fraud is rising.
Play your cards right and stay safe
The most important advice is to not let your credit cards, or your card details, out of your sight when you are spending. When paying for goods your credit card should always remain visible, this will make copying or cloning your credit card or debit card details impossible by would be fraudsters.
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