When Target acknowledged last month that 70 million credit and debit card accounts had been exposed to theft, it was another stark reminder that any of us can become victims of fraud. Close to half a billion dollars is lost to credit-card fraud in Canada annually.
Technology is advancing daily, streamlining how we make purchases. Automatic payments, contactless transactions, online and mobile banking are all examples of developments that make it easier to accomplish our day to day tasks. However, it is always good to remember that we still have the responsibility to safeguard our personal information to prevent fraud and theft. In this article from the Financial Post, Melissa Leong provides five easy ways to limit the probability of credit and debit card fraud, including not leaving your cards unattended, increasing your awareness of phone calls and emails from your credit card company or bank, and using caution when banking with a mobile device.
Click here for the full article from the Financial Post.
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