FACT FILE: ONLINE CARD FRAUD ON THE RISE

The latest card fraud data for 2017 shows “card not present” (CNP) accounts for 85% of fraud on Australian cards, adding up to $476 million annually – and rising. CNP fraud occurs when card details are stolen by crims to make purchases or other payments, typically online or by phone, without having your card in their possession. It can happen through large-scale data breaches of big companies, or when you provide personal details to dodgy emails infected with malware or computer viruses that let senders obtain your banking information. Simple ways to help fight CNP fraud include only giving your card details on secure and trusted websites – with the locked padlock icon. Be suspicious of unsolicited emails and text messages from people you don’t know, and don’t click on any links. Your personal details are like cash for crooks so don’t give them out lightly. Regularly check your bank statements and report unusual transactions immediately. The Australian Payments Network says you won’t be liable for fraudulent transactions on your cards and will be reimbursed for any losses as long as you have taken due care.