Borrowers need to become more vigilant in order to avoid credit card debt being built up in their name without their knowledge, it has been claimed.
Kerry D’Souza, a card fraud expert for CPP, noted that banks have made improvements in security but that customers need to pay more attention to their accounts in order to combat identity theft.
She recommended that people check statements on a “regular basis” and always obtain a receipt when making purchases.
“In terms of online fraud, make sure you have anti-spyware and anti-phishing software on your PC and make sure you are using websites which are secure,” she advised.
Ms D’Souza also stated that applications such as the Verified by Visa technology can help to tackle the issue.
A report commissioned by CPP and conducted by Opinion Matters recently found that 26 per cent of Britons have been a victim of card fraud.
By Jamie Price