Look for card security or risk your cash

Last year, Aussies lost $1.4 billion by credit card fraud, identity theft and personal finance scams.

According to a survey by the Australian Bureau of Statistics, about 1.2 million people – almost 7 per cent of adults and teenagers – said they had been the victim of personal fraud.

Credit card rip-offs were the biggest risk, accounting for 55 per cent of personal frauds, followed by financial scams at 42 per cent and identity theft at 3 per cent.

Consumer group Choice said, “Our advice to consumers whenever using credit cards, especially for online purchases, is to look for the online security elements on the sites you are using. For example, look for the padlock symbol on the site which indicates it is a secure site and look for ‘https' rather than just ‘http' in the address line – https means the site is secure.”

Source: Herald Sun