Being a victim of credit card fraud is like getting caught in a sudden downpour without an umbrella: it’s unexpected, inconvenient, and can leave you feeling rotten. In our digital age, where hawker centres accept e-payments and MRT rides are just a tap away, the threat of credit card fraud has become an even more pressing issue.
26% of consumers in Singapore have expressed strong apprehension about fraud occurrences. This growing anxiety reflects the increasing prevalence of fraud cases in Singapore and emphasises the need for effective preventive measures and heightened consumer awareness.
In Singapore, there have been growing instances of people engaging in fraudulent transactions using stolen credit card details, making it even more important for us to know how to prevent it.
Just as we’ve navigated our way through ERP gantries and circuit breaker measures, we can tackle this too. In this article, we’ll explore the various ways to prevent credit card fraud in...