'Keep an eye on credit cards' to avoid scams

People looking to compare cheap credit cards can do a number of things to protect themselves against identity theft and fraud.

Tips have been offered by the Sydney Morning Herald and the Age on how people can avoid having their details stolen by opportunistic thieves.

One way is by "keeping an eye on your credit card" when it is being used in transactions.

They should be sure not to tell anyone, even their loved ones, what their PIN or password is, the report suggested.

People can also protect their online savings accounts by ensuring they have up-to-date computer security software and regularly checking credit files.

Avoiding phishing emails that ask for personal details and bank information is essential, in addition.

This comes as Galaxy Research for Veda Advantage revealed that over one in five Australians have been the victim of such crimes.

In fact, some $400,000 has been reported stolen from 1,400 bank accounts in Perth recently, as fake EFTPOS devices have been used to skim credit cards.

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