These days you have to be aware of credit card fraud. You always had to, but now, in the twenty first century, you have to be more aware than you have ever been before. The statistics regarding identity theft and theft of Visa, MasterCard and other credit cards is scary and will make you think twice about investing in one of these if you haven’t already got one. Should something like this happen to you, there will be an investigation started, but that might not prove anything and it could just go down unnoticed. Prevention for credit card fraud is to not trust anyone.
It doesn’t matter if you are approached by a sweet old lady, you never ever give out your credit card information or accept help from someone at an ATM machine, it is vital that you remember this and be aware of credit card fraud at all times, no matter the situation. You might think that identity theft will never happen to you, but these are the people they target. Should you be suspicious of someone when it comes to your credit cards, it is important that you report it immediately so that an investigation may begin. Statistics will tell you that Visa and MasterCard fraud alone has amounted to much more than seven million rand a year, and this is just a rough figure.
As they say, prevention is better than cure, and in this situation this statement could not be truer. Having a credit card is great and makes your life a whole lot easier, but it is an easy target for fraudsters. This is because there is no pin-code needed when you swipe the card, and in stores the cashiers often don’t check that the signature on the bank of the card matches the signature the customer just signed. Be aware of credit card fraud, wherever you go.