There has been quite a significant rise in credit card fraud due to the carelessness of credit card users. Obviously, with the rise of a credit and debit card nation, there has been a massive increase in people using credit cards. This includes the enderly and the young, who often find it difficult to remember things like PIN numbers, simply because it’s new to them…
People who struggle to remember their PIN number for their credit card are actually deciding to write it down and keep it on their person; often in their wallet or purse! This is of course against all the advice out there about memorising your PIN number and perhaps making it a memorable number to you so that you can’t forget it.
It is surprising how many people ignore this advice, and a shocking 1 in 10 credit card owners have their PIN numbers written down in the same place they keep their actual card. Is this laziness, forgetfulness or just thoughlessness? This is difficult to work out, and since there can be no absolutely positive answer on the subject we must assume that it’s a mixture of all three.
The only way to combat it is to continue to campaign against doing it. It is enormously important to memorise your PIN number and not keep it with your card; it’s easy to pick a number that’s important to you (try a friend’s birthday, not your own).
So to those massive 7 million credit card users, i say memorise your number and stop writing it down!
Tags: credit card fraud, credit cards, Fraud