Online shoppers warned as card fraud rises during the pandemic - News Summed Up

Online shoppers warned as card fraud rises during the pandemic


Consumers have been warned to take extra precautions when shopping online ahead of the Easter holiday weekend. Card fraud online was up 21pc in the first half of last year. Changes in shopping behaviour during the pandemic have led to the strong rise in online card fraud, according to the Banking and Payments Federation Ireland (BPFI). Payment card fraud amounted to more than €12m in the first three months of the year, the banking body said. “In parallel, we saw a fast drop in in-store card fraud as consumers moved away from physical shops and moved online.


Source: Irish Independent April 01, 2021 01:30 UTC



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