Credit Card frauds grows with the Help of Technology

In one of the section from chapter 14 in Accounting 12, we learn about bank credit cards. It is said that using credit cards is very easy. It is mentioned that we are so used to credit cards that some of us are badly affected. Credit cards are to make our life easier. Although using all kind of credit cards include many advantages, there are many other disadvantages along with them too. One of the advantage can be is that an individual do not have to carry money in wallets. One major disadvantage while using credit cards which is what this whole article is about is that Credit cards frauds are increasing every day with the help of technology.

This article "Credit Cards Frauds Grows With the Help of Technology" is telling us that the credit cards frauds are growing everyday which causes huge affect to our society. The Interac Association is telling us that the number of Canadians frauds in 2004 has increased by 5 times in 2009 which is 238,000 which is a big number. There are some instructions given in order to avoid frauds. Some include is that an individual should change their pin number of the credit catd and also shred documents which contains personal information. The statistic shows that 73% people shred their legal papers whereas on the other hand only 6% change their pin number which is very important in this case.

I think that people should use more techniques in order to decrease the rate of being defrauded. Everyone should use credit cards careful because if somehow someone gets aware of your credit card personal information, then there can be bad consequences.


http://www.vancouver.com/technology/Credit+card+fraud+grows+with+help+technology/2696759/story.html