September 30th 2024.
It's a scary truth that millions of Australians have fallen victim to credit and debit card fraud in recent times. According to research conducted by Finder, one in six Aussies have had their card details stolen in the past year alone. It's a concerning trend that has unfortunately affected a large number of people, yet some choose not to report it.
The survey, which involved 1049 participants, revealed that a staggering 17% of Australians (equivalent to 3.6 million people) have been targeted by credit card fraud in the last 12 months. Even more alarming, 4% of those who were scammed did not report it, while 3% were unaware until much later.
Rebecca Pike, a money expert at Finder, expressed her worry over these statistics and the increasing sophistication of scammers. She pointed out that it may seem unlikely for someone to steal your card information without physically having your card, but it's unfortunately a common occurrence. Phishing scams, where scammers trick you into willingly providing your credit card details, are one of the most frequently used methods. However, there are also various other ways that scammers are targeting unsuspecting individuals.
Pike highlighted the risks of unsecure Wi-Fi networks and card skimming machines, which are often used in these fraudulent activities. She advised people to opt-in for phone notifications whenever a transaction is made, as it can help identify any fraudulent activities. She also emphasized the importance of taking precautionary measures, such as not saving passwords on sites and being cautious of where you enter your card information. Pike also reminded people to be wary of anyone asking for their card details over the phone, via text, or email, as it's most likely a scam.
In light of these concerning statistics, it's important to stay informed and take necessary steps to minimize the risk of falling victim to credit card fraud. And for the latest updates on breaking news, celebrity gossip, and sports, you can follow us on our WhatsApp channel. We promise no comments, no algorithm, and no compromise on your privacy.
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