What are the main types of credit card fraud?
Stolen or lost card: If you’ve lost your card or it’s been stolen, and it ends up in the hands of fraudsters, they can use it to make payments. Contact your provider and ask them to cancel you card as soon as you realise it’s missing.
Remote purchase fraud: This is where thieves steal your information and use your card details to buy items. This type of fraud accounts for the majority of credit card fraud.
Phishing: This is a type of scam where you’re sent an email or called to ask for personal information, such as your card details or security password or answers. It’s often sent by someone pretending to be from your bank and is done under a valid-sounding but invented reason, for example, a ‘customer survey’, or to ‘protect our customers against unusual activity on their account’.