Credit card 'details must be kept safe'

www.moneynews.co.uk > Credit cards > Credit card 'details must be kept safe'

Credit card 'details must be kept safe'

Thu 8th Apr 2010

Richard Hurley, CIFAS communications manager, stated customers "owed it to themselves" to become more aware of the dangers of fraud and take care when disposing of their personal information.

He said: "The rise in this more sophisticated kind of fraud can often be perpetrated by organised criminal networks exploiting our use of computers and the internet."

CIFAS found a 32 per cent rise in collective fraud last year and also noted that current address fraud represented 55 per cent of all identity fraud cases.

The Department for Business, Innovation and Skills recently declared it would implement changes to the existing rights of credit card customers.

It was announced that consumers would be able to have greater control over their debt repayments by paying off the highest debt first and also be presented with a list of other rates when they read their statements, giving them a more informed choice of market offers.

Click here for more credit cards news

Related News : Credit cards
	Brits spent less in the run-up to Christmas 2011
	Credit card spending fell in 2011
	Credit cards 'can be a useful budgeting tool'
	Credit card usage 'to rise this month'
	New measures to help Brits with finances
	Credit card spending 'less prolific in the last 12 months'
	AA Launches new reward credit card
	Borrowings 'still need to be repaid' during a gap year
	Clear information in credit agreements called for
	Brits 'focusing on zero per cent cards'