According to a recent APACS study, overseas losses from credit or debit card fraud totaled 208 million sterling - over US 400 miilion dollars - in 2007, in the UK alone.
If you travel frequently, you will already understand the importance of protecting yourself from credit card fraud and theft. Newer technologies, such as chip-and-pin, are helping lower the risk of fraud in some areas around the world.
In areas with lower security measures, gangs and thieves infiltrate high traffic spending areas and attach bugging devices. These bugging devices scan the magnetic strip on credit or debit cards. The stolen credit card information can then be used by the thieves to make purchases.
Technology, like all things in life, is a two way street. As technologies continue to improve the quality of security required for fraud prevention, people work to hack those technologies to their advantage. Credit card companies and banks are on a continual search for new technology to help prevent fraud.
Holidays are supposed to be relaxing and fun. Unfortunate incidents, such as theft or personal injury, can cause your much-anticipated holiday to become a bad experience.
How do you protect yourself from fraud or theft in less technologically advanced areas? What measures […]

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