Younger people ‘nonchalant’ about their cards
June 5, 2008 by admin
Filed under News, News-Credit-Cards
Younger people seem to be less concerned about keeping their credit cards safe from fraudsters, a new report has suggested.
Two thirds of those aged under 50 said they had reported a credit card stolen compared to 78 per cent of people aged 50 years old or over, according to research by Saga.
Furthermore, a “massive” 88 per cent people aged between 18 and 34 years old said that they did not raise an eyebrow if someone took their credit card out of their sight when they were making a payment.
This is in contrast to 65 per cent of over 55 year olds saying they would not kick up a fuss in the same situation.
Andrew Goodsell, chief executive of Saga, commented: “Our study shows a worrying trend that men and younger people are generally less concerned about ID fraud than their older counterparts, and are not taking the steps to prevent fraudulent activity.”
This comes just after recent warnings from Apacs for people to make sure they keep their PINs safe.
Apacs: Never reveal Pin
May 30, 2008 by admin
Filed under News, News-Banking
Apacs, the UK payments association, has emphasised the importance of credit card security and advised consumers to keep their Pin private.
A spokesperson for the association said people should make their Pins as complex as possible to avoid would-be fraudsters getting their hands on their cash.
However, she added that this can lead to confusion, adding that people can avoid this by selecting a familiar pattern.
“It is better not to use the same Pin number and, if you can, familiarise a sequence of codes; a number of a house that you know in combination with a good friend’s birthday.”
Finally, she emphasised the importance of never disclosing information regarding Pins or writing them down and storing them with the cards in question.
Recent research by Which? highlighted that one in three Brits have been a victim of credit card fraud in the past.
A previous CPP poll found that Londoners were the most likely to have their plastic stolen or fraudulently used, with 20 per cent and 28 per cent of the capital’s residents being a victim of such crimes respectively.
