My family has been bothered by credit card fraud for the past 15 months. I have experienced fake transactions overseas, as have my wife, son and daughter with their respective cards (Contesting a credit card transaction; May 1).
In my daughter’s case, her card had not even been activated for use, while my wife’s card had only been used for payments in Singapore.
The banks viewed the fraudulent transactions as unusual, and alerted us via SMS.
Several of my friends have experienced similar incidents.
The banks did not, however, explain to us how these transactions could have occurred, or how we could avoid such scams.
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