How Safe Is Your Credit Card?
While the vast majority of the UK population have a credit card, exactly how safe is you flexible friend?
Over the last few years we have seen a major increase in the number of credit card cloning instances whereby your card is swiped and cloned in a matter of hours, before the criminals go on spending sprees. These scanning devices are minute and even though many of us have been asked to ensure our card remains in sight at al times, this is sometimes not enough. So how can you ensure you card is safe?
The implementation of chip and pin has handed a useful opportunity to the consumer and offers an easy way to ensure that your card remains visible at all time, but is it enough?
Unfortunately a number of criminal gangs have infiltrated businesses such as garages and local shops, where credit card use is common, and added card readers to many chip and pin handset. While you assume that your card is safe, many have actually been copied and clones introduced into the underworld. Reports show that terrorists are using cloned cards to fund many of their operations leaving the credit card companies to pick up the bill.
We really do need to keep our eyes open for credit card fraud!
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