| Credit card fraud is on the rise, with certain sources | | | | that you intended it to. > Do not purchase from a |
| claiming that the internet has been the breading ground | | | | company online, should you have any doubts |
| of this illegal industry. With reports suggesting that | | | | whatsoever. Should the company fail to provide a |
| around 1 in 40 transactions are fraudulent, how can we | | | | legitimate address and phone number, do not contract |
| as consumers avoid facing the brunt of credit card | | | | with them. Dealing with an incorporated or limited |
| fraud? Credit card fraud can be as hard to trace, as it | | | | company is generally safer. > Should you lose your |
| is easy to commit. That is why we can never be | | | | purse or wallet then contact your credit card provider |
| certain where our details were taken, and what | | | | immediately. > Do not give away your credit card |
| methodology was used. From online shopping, to your | | | | details on incoming telephone phone calls or emails. > |
| local café, anyone could have taken your details, | | | | Ensure that you keep your credit card in a physically |
| whilst it may not be them that use your details directly. | | | | safe place. Never let your bag out of your sight when |
| It is reported that wholesale credit card details are | | | | you are away from home. > Many restaurants and |
| worth around $8 each. This is an indication of several | | | | clubs for example will embark in the process of the |
| factors, firstly the routine processes of fraud that is in | | | | waiter or waitress taking your credit card away to |
| place, and secondly the sheer scale of the operation. | | | | input your details into the machine. This is an example |
| Did you know that Nigeria sees credit card fraud as its | | | | of giving an opportunity to someone where by they |
| 3rd biggest Industry? A complete resolution to credit | | | | can note your details. However, you also provide the |
| card fraud would see the Nigerian economy plummet | | | | same opportunities during telephone transactions and |
| into deep recession that would inevitably be aided, in | | | | certain internet transactions. > Should you be |
| some way, by western organisations and | | | | purchasing over the internet, one of the safest ways |
| governments. A popular Nigerian music act recently | | | | to pay is through using a third-party merchant service |
| published a song, with lyrics that mimic and ridicule the | | | | such as Pay Pal or World Pay. > Should you be a |
| less than savvy consumers that suffers as a result of | | | | victim of credit card fraud ensure that you report this |
| their crime. But how can we put a stop to this, or at | | | | immediately, also remembering to contact the |
| least avoid it as much as possible? > Never provide | | | | company that was affected. This will radically |
| credit card details or bank information via email. > | | | | decrease the chances of the goods being delivered to |
| Should you complete an online purchase then ensure | | | | the customer, and you having to pay any fine to your |
| that the address bar reads rather than This means | | | | credit card company. |
| your data was encrypted and will get into the hands | | | | |