Brits 'revealing credit card PINs'
27 August 2009 10:15:09
 |
| Credit card holders are at risk of ID fraud. |
That is according to a new survey from LV= home insurance, which found that almost a quarter (24%) of these customers had fallen victim to ID fraud.
Common reasons for revealing PINs included asking others to make payments and purchases, or take out cash from an ATM on the cardholder's behalf.
One in three Britons said that they have been asked to do this, with partners and spouses being the most likely to be relied upon for these tasks, followed by children and parents.
John O'Roarke, managing director of LV= home insurance, said: "We would strongly urge all card users not to tell anyone their PIN number.
"Not only does it undermine the security of your account and increases the risk of ID fraud but also cardholders could end up out of pocket if they are found to have shared their card details."
Earlier this year, research by CIFAS found that there had been a 40% increase in cases of ID fraud between January and March over the corresponding period in 2008.
‹ Back
Other Credit cards News
-
Bank withdraws charity credit card scheme
Lloyds Banking Group will no longer offer charity credit cards. -
Nearly one in five new retirees owe money
Many retirees have outstanding credit card debts. -
Prepaid travel cards for gap year trips
Prepaid travel cards offer a safety net to young 'gappers'. -
Credit card use to rise in January
More people expect to rely on credit cards in January.
All Credit cards News
Other Home Page News
-
Bank withdraws charity credit card scheme
Lloyds Banking Group will no longer offer charity credit cards. -
Smart meters 'will not be compulsory'
Smart meters feed information back to the supplier -
Child SIPPs could turn babies into millionaires
Child SIPPs can provide comfort in retirement. -
Prepaid travel cards 'ideal for gap-year students'
Gap-year students should avoid carrying large amounts of foreign cash.
All News Stories
Product Offers
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.