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Credit Card Fraud - Protect yourself from online thieves

by Jennifer Quirk

Combating Credit Card Fraud

Recent research of banking habits and fraud detection has reported a worrying increase in the amount of credit card fraud victims in the United Kingdom. Last year, the losses suffered where in excess of £535 Million, which is approximately a massive 25% more than the previous year. These figures mirror those of identity fraud and stolen bank details being used to purchase mass expensive items, usually from abroad.

Although the general awareness of credit card crime has risen, and people are taking more care when purchasing, these figures are still highly worrying. Even with the "chip and pin" technology taking over quickly within the high street, which has undoubtedly cut out a lot of crime, there is still the risk of online theft and fraud.

With the internet shopping market booming, many aspects have been added to websites to make them safe and secure. But these measures do not eradicate any risk. Any purchase you make where you are not paying in person can be risky, and you should keep on your toes. If you have any doubts, don't. The amount of stolen details and card crime has increased by 35% since last year, with thieves constantly improving their schemes.

By keeping an eye on certain factors when buying online, we can reduce our chances of our details falling into the wrong hands:

  • If you receive any emails that seem suspicious to you, and enquire about personal details, so not respond. By responding in any manner the person sending the emails can confirm they are reaching somebody, and they can pray on you through other means.
  • Keep a look out for the golden padlock in the bottom right side of your screen. This is your browser stating it trusts the website.
  • If you get an email from a business you recognise, asking for personal information you have already supplied, be very wary. On the whole, companies such as paypal, Amazon, eBay etc will NEVER ask you to give details again. Check any links go direct to the website in question. If they do not, delete the email.
  • Try to stick to a recognised software to pay, such as Barclays online or PayPal. Never give credit card details through email.

If you are at all unsure make sure you research recent scams online before purchasing, and you should be able to stay safe.

If you are looking for a better Credit Card deal make sure to check online. Compare a range of Credit Cards to find a Credit Card offer that suits you.

Article Source: http://www.articlerich.com