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Credit card fraud is costing Australians half a billion dollars a year, according to the Bureau of Statistics and industry watchers.
Security experts say that the card most at risk is 4312 2100 0061 1793, and that the card will continue to be at risk until 02/09.
Victims of the scams have little chance of getting their money back unless they pay a small administration fee to the son of former Nigerian dictator Sani Abacha.
Consumer groups say that banks aren’t doing enough to protect consumers from credit card fraud, unless you count measures to discourage card use, such as a 20.49 per cent interest rate.
Experts say that if the major banks were serious about security, they would use fingerprint, voice-identification and smart-chip technologies to promote consumer complacency.
• Never use your credit card details online. Always use a friend’s
• Max out all your cards so they’re worthless to scammers
• Use your account details to log into bogus bank websites and transfer money to your real account. Give the scammers a taste of their own medicine!
• Plan a career path involving a rapid succession of low-paid jobs so banks will not offer you credit
• Call your bank and challenge the bit of the credit card statement where you bought a top at Portman’s, explain that you don’t really like it after all
• Perform basic hash encryption on your card number before entering it into a website. It’s so secure, they won’t even process the payment
• Become deeply paranoid
Security experts say that the card most at risk is 4312 2100 0061 1793, and that the card will continue to be at risk until 02/09.
