It’s probably happened to you, a member of your family or someone you know. Credit Card fraud is increasing at an alarming rate which is not so surprising given the increase in online shopping.
What is surprising is many innocent people are being ripped off and don’t know this is happening to them. Savvy fraudsters are using continually evolving methods via online technology to illegally access your credit card details. Recently, I read an excellent article from Kate Cowling in the Financial Review Smart Money section which highlighted 10 tips to help safeguard your savings from fraud:
All of these points are important, however checking your statements is one thing you can do regularly – especially with our ability to see these online.