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Younger people urged to stay vigilant over credit card fraud

Those under the aged of 50, said to be the age group most at risk from credit card fraud, have been urged by one financial services provider to stay vigilant against the crime.According to research from Saga, 55 per cent of those quizzed admitted to carrying all their cards together, increasing the risk of card fraud in the case of losing their wallet.Also, it was found that 22 per cent of 18 to 35-year-olds use their second card less than once a year, which could mean they are less likely to spot any fraudulent use on statements.Saga's chief executive, Andrew Goodsell, commented: "Our study shows a worrying trend that men and younger people are generally less concerned about ID fraud than their older counterparts."Prevention is always better than cure, and we urge everyone to be cautious when using and handing over credit cards to strangers because fraud is on the increase."

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