Credit Card Fraud Online Hacking

The younger more vulnerable to Credit Card Fraud and identity theft

With APACS revealing the credit card fraud had risen 25 per cent in 2007, research from Saga found that people under 50, especially men, are more likely to be victims of fraud card or identity theft. What they say is attributed to the fact that young people tend to have several credit cards and speed that makes the most fraudulent activity difficult to detect.

Of those surveyed, 94 percent admitted possession of a credit card or debit card, with 86 percent said they have until four different cards. More than half of respondents reported they took all their cards with them at the same time, further increasing the risk of fraud if their wallets or purses to be missed.

Saga The report also showed that 22 percent of people aged 18 to 34, with several maps, and 16 per cent of persons 35 to 49 years only used their additional cards after year. However, long periods of time without the aid of maps, making it more difficult to identify if the card is used fraudulently.

One out of 10 cardholders are only allowed to keep their cards in a safe place to put the demonstrated the need for protection against loss of the card or protection. Saga of research illustrates the casual approach of younger people have to Guard against fraud with only 66 percent of people who found their card had been lost or stolen, making an effort to report it immediately. This compared with 78 percent of card holders over 50 years who took immediate action.

Chief executive of Saga Group Limited Andrew Goodsell said: "Our study shows a worrying trend that young men are generally less concerned about ID fraud than their older counterparts, and not taking measures to prevent the activity fraudulent. However, prevention is always better than cure, and we urge everyone to be careful when using and delivery of credit cards to foreigners as fraud is increasing. "

A surprising 88 percent of customers aged between 18 and 34, would not be opposed to your card when shooting can pay in a store or restaurant. Just over half of the 50 years or more were happy to spend the same.

People who bank or shop online too tend to be of a younger generation and also help increase the under-50 victims of fraud.

Jemma Smith, spokeswoman for APACS said: "No was zero loss online bank fraud in 2003 in the UK. "This figure rose to € 33.5 million lost in 2006.

"The increase in Internet fraud can be expected when you look at how many companies are embracing the online transaction. The problem is that criminals target customers more than technology. It's About the teams as far as is kidnapping to lure users to disclose your card or account. Thus, opening an e-mail unsolicited, opens the door to his house to a stranger, "said Smith.

About the Author

Phil is an author of several articles pertaining to Credit Cards. He is known for his expertise on the subject and on other Business and Finance related articles.

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