Expert warns of credit card fraud risk - Credit cards - News - Moneyfacts


Expert warns of credit card fraud risk

Expert warns of credit card fraud risk

Category: Credit cards

Updated: 20/02/2009
First Published: 20/02/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Credit card customers have been advised to protect their details in order to avoid becoming victims of internet scams.

UK fraud prevention service Cifas has noted a significant increase in the number of people being targeted, with research by Get Safe Online finding that 23 per cent of internet users had fallen victim in 2008.

That is compared to eight per cent in the previous year and Cifas warned that phishing scams can pose a particular danger.

Through these, fraudsters send emails purporting to be from a legitimate company and ask for details such as account or credit card numbers.

Communications manager at the body Richard Hurley advised that consumers to be "particularly on your guard", adding: "It may seem obvious, but the rise in this type of fraud shows that people are just not being cautious enough, especially when they are online."

MBNA recently received recognition for a service designed to help reduce credit card fraud by alerting customers when a transaction is over a pre-determined amount.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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