Association Chief Offers Advice On Credit Card Fraud
With increasing concerns over the risks of fraudulent credit card transaction in the UK, particularly in the light of recent reports that indicate that Brits are twice as likely to become victims of this type of fraud than of their European counterparts, experts are now offering advice to cardholders with regards to the various ways in which they can reduce the risk of becoming the victim of such fraudulent activity.
 A report released recently by the European Security Transport Association suggested that twenty percent of adult Britons – equating to around seven million cardholders – had been victims of credit card fraud based on information gained from a survey. In similar surveys carried out in other countries it is thought that throughout the rest of Europe only eleven percent of adults across the rest of Europe had been subject to credit card fraud, equating to around twenty two million cardholders.
Now, the new British Bankers Association chief Angela Knight has stated that credit card fraudsters are making themselves nearly one and a million quarter pounds each day through fraudlent activity, and she has reiterated the importance of consumers taking precautions and steps to protect their information in order to reduce the risk of fraud and cut the risk of becoming victims of credit card scams and fraudulent activity. She added that figures indicated that credit card fraud was carried out every nine seconds in the UK.
Knight added: "Too often people bin the kind of information fraudsters can use. They leave PIN numbers lying around or written on cards."
Amongst the advice offered to consumers with regards to reducing the risk of credit card fraud was: to always keep an eye on your card when making a payment or transaction, to never provide pin information in response to emails and never to write this sort of information down, to equip your PC with antivirus software, to ensure that you are using secure websites when making Internet purchases, and to make sure that you do not go into banking and financial websites via emails that ask for your account details.
Alisdair Milton
24th November 2006
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