credit-fraud

Australian Credit Card Fraud Staggering

Credit card fraud in Australia has taken on a staggering one in five statistic. A new report released by Veda Advantage found that over 1.5 million Aussie credit cards have been affected by skimming and some 1.2 million bank accounts were accessed illegally.

Mail is being stolen from letterboxes and PINs unlawfully used by thieves to access your money. Identity fraud is another common occurrence with 23 per cent more cases this year than last. Experts believe one reason the numbers are so high is because Australia is slow in developing anti-fraud technologies.