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Article: Avoiding online credit card fraud

Article from:
New Straits Times
Article date:
November 13, 2000
Author:
Copyright

Maria O'Daniel
New Straits Times
11-13-2000
Avoiding online credit card fraud
Byline: Maria O'Daniel
Edition: Computimes; 2*
Section: Lab Report Resources
Column: Beginning with basics

THIS is the season for sending gifts to friends and shopping online. Are you worried about handing out your credit card details online? Last year, 2,100,000 Malaysians spent approximately RM2 billion via credit card.

Overall credit card fraud makes up about 0.5 per cent of total spending. Credit card transaction online fraud makes up about 20 to 30 per cent of RM2 million to RM3 million a year.
Other countries also report the rise of online credit card fraud. In the UK, credit card fraud increased more than 50 ...

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