Banks issue card fraud warning for xmas shoppers

The Australian Bankers' Association (ABA) said credit and debit card safety is important when Christmas shopping and during the holiday period. There are some simple and important steps that you can take to protect your personal information and your credit and debit cards: Be aware that there is no reason to provide your PIN or passwords to anyone under any circumstances, including a telephone call purportedly from your bank. Always check your card statements promptly and reconcile them to your purchase slips. Make it a priority to get your card back after completing a purchase. Sometimes cards are intentionally retained by salespeople in order to later commit fraud. Sometimes receipts disclose your account numbers, particularly EFTPOS receipts. Dispose of receipts securely, such as shredding, so they cannot be retrieved by anyone. Make sure you know where your card is located at all times. Watch out for hoax emails and do not assume making purchases over the phone or internet is secure. If you would like to read more information, there is a website called Protect Your Financial Identity (www.protectfinancialid.org.au) which has been developed by banks, police and a regulator. The ABA, the Australian High Tech Crime Centre (AHTCC) and the Australian Securities and Investments Commission (ASIC) produce the website which assists people protect their financial identity and minimise the damage if a problem occurs.

Source: Australian Bankers Association

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