New technologies, such as Chip and Pin, have helped provide a more secure way to pay with debit and credit cards. The introduction of this new technology saw a £60m reduction in fraud on lost and stolen cards in 2005 when compared to 2004.
However, as fraud prevention technologies advance, so do the fraudsters, who go to great lengths to find loop-holes and weaknesses in new technologies.
Despite the introduction of more secure ways of paying, credit card fraud is still prevalent. So, we should always be on our guard to ensure that we do not become the next victim.
What can you do to stay safe from fraud?
The below will be obvious to most, but it does no harm to have a refresher...
• Never give your PIN to anyone else or carry it with you written down. It's best to keep this information secured safely inside your head
• Keep your cards in a safe place that's out of sight. Don’t carry them at the top of your handbag or in the back pocket of your jeans.
• Keep tabs on your bank statements and query any transactions that you don't recognise with the bank
• Report lost or stolen cards as soon as you become aware that they are missing
• Make sure that the bank has an up to date record of your contact details so they can contact you immediately if they see any suspicious activities on your account
Being cautious at all times is the key to reducing the chances of being a victim of credit card fraud.
- Related Articles
- Related Q&A
- A How-to Approach to Getting Bad Credit Unsecured Credit Cards
- Credit Cards For People With Bad Credit, Poor Credit Or Poor Credit Score
- Bad Credit Unsecured Credit Cards - Are They Worth It?
- Start Your Journey To Good Credit With A Master Card Credit Application
- Increase Your Credit Through Credit Cards
- The Elvis Prepaid MasterCard Card - A Card From The King!
- Profit With Affiliate Card Credit Marketing Programs
- Taking Credit On Credit Cards
Some Really Easy to Follow Tips to Help Raise Your Credit Score
By: BhratBrij | 24/11/2009If you find some negative listings which do not belong to you dispute them immediately to have good credit score. These negative listings are going to be removed and in so doing will help raise your credit score on the Credit score scale. This is a really good Credit repair secret.
Trying to Find a Legitimate Credit Repair Company
By: Stuart Hunter | 23/11/2009The Credit Repair Organizations Act has established rules credit repair companies must adhere to that you can use to help identify a trustworthy credit repair service and avoid becoming a victim of a credit repair scam.
Loans and an Individual Voluntary Arrangement
By: Steve Thatcher | 23/11/2009Loans can get on top of people who have other debts. If the debt problem is great, then the solution may well be an IVA.
Is it Easy to Accept Payments Online?
By: Michelle McDonald | 23/11/2009If you’ve just started a new online business or if you’re a small brick and mortar business looking to expand to the internet, you may want to add the option of paying by credit card to your website. The ability to process credit cards online offers convenience and security.
What is Credit Score Scale and How to Raise Your Credit Score?
By: BhratBrij | 23/11/2009This article has some really good credit repair secrets to raise your credit score on the credit score scale.
Repair Credit Report Tips
By: mark garcia | 23/11/2009Have you pulled your credit report and seen a lower score than expected? Or were you denied financing on a car or home because of a low score? You are not alone in these happenings.
Bad credit tips | Credit tips to improve my credit
By: Jamila | 22/11/2009These credit cards to help people with bad credit. Credit cards that Improve credit scores. Click on the link and find the BEST cards on the internet.
Retail Store Cards and Your Credit Score
By: Linda Adams The Clean Credit Queen | 22/11/2009Retail store cards may be easy to get but they can negatively impact your credit score.
Save the World by Saving Energy
By: Nick Cox | 29/02/2008 | FinanceAll of us are probably guilty of wasting energy. We all seem to be experts when it comes to using it, but many of us fail miserably when we're told to save it.
A Beginners Guide to Life Insurance
By: Nick Cox | 27/02/2008 | InsuranceDeath is a subject that most of us don't like to ponder on too often. Unfortunately, death is something that happens to us all, so it pays to be prepared.
How to Get Cheaper Home Insurance
By: Nick Cox | 26/02/2008 | InsuranceAccording to research carried out by a price comparison site, homes in London prove to be the most expensive to insure in the UK.
Quit Smoking and Half Your Life Insurance
By: Nick Cox | 26/02/2008 | InsuranceOver the course of a year, a smoker with a 20 a-day habit spends £1900 on cigarettes. Kicking the habit is therefore quite a money-saver. The financial incentive to quit is for many more of a motivator than the health benefits associated with leading a cigarette free life.
Last Minute Travel Insurance
By: Nick Cox | 26/02/2008 | InsuranceResearch carried out by a price comparison site has revealed that 63% of holidaymakers take out travel insurance less than two weeks before the beginning of their holiday.
La Palma
By: Nick Cox | 19/02/2008 | TravelOne of the most peaceful and tranquil of the seven Canary Islands, La Palma is a favourite among tourists for its natural unspoilt beauty. Situated just off the coast of north-west Africa, La Palma is part of a group of islands that benefit from year round warm weather.
Gran Canaria
By: Nick Cox | 19/02/2008 | TravelGran Canaria is one of the seven islands that make up the Canary Islands. This group of islands are located just off the coast of north-west Africa, and because of their location they have year round warm weather. This makes them an extremely popular tourist destination.