Credit card fraud in Queensland
How to protect yourself from credit card fraud in a cashless society.
Have you ever paid for the bill at a restaurant and not accompanied your credit card to the register? It’s a common practice that could cost you.
According to the Queensland Police Service (QPS) the most common type of credit card fraud is when an offender purchases an item online or by telephone by using a credit card number that they have obtained unlawfully.
To gain a better understanding of credit card fraud we’ve asked QPS to answer some questions to ensure your credit card details are kept safe in the future.
What is credit card fraud?
Credit card fraud relies on the unauthorised use of another person’s credit card or information to commit any kind of theft or fraud. The aim is to purchase goods with the victim’s money or to steal money from the victim’s account.
What are some of the signs of credit card fraud?
Credit card fraud is difficult to detect prior to any fraudulent transactions. It’s primarily detected after the fraudulent transactions or suspicious activity has occurred.
Often credit card companies will flag several different kinds of transactions including large purchases made just after small ones, online purchases and other purchases that don’t fit a cardholder’s profile.
You should carefully review every credit card statement for unfamiliar transactions. Contact with the card issuer for further information if you discover any unfamiliar transactions. Once you have finished reviewing your statement, shred it before discarding to protect your account information.
What should someone do if they think they have been targeted?
Victims who have been targeted by credit card fraudsters should take the following steps to minimise the danger of further identity crime being committed against them:
- Contact all credit card providers immediately to alert of the transactions and limit damage.
- Place a credit fraud alert on your credit report.
- Freeze fraudulent accounts.
- File a police report.
- Utilise support agencies like ID Care.
Gone are the days when you needed cash to pay the bills. Here are some tips for staying safe when using payment apps.
The information in this article has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in the document is general advice and does not take into account any person’s particular investment objectives, financial situation or needs.