Financial fraud - what do you do?

[anonymous-user]

Hi all, with financial fraud obviously a major problem and using cash becoming out-dated I wonder what measures you guys have put in place? I'm historically a cash-man and have been all my life, however, while in London recently I came across a 'card only' bar " NO CASH TAKEN " on another occasion a few months ago escaped a Aldi parking fine by the skin of my teeth as I couldn't prove I used the store as I paid in cash. So what I do is buy goods online via UK only sellers and pay with Paypal and have got myself a credit card with a grand limit ( that's then all they can take) to buy everyday items like petrol, beer and prove I've used car parking should I get a ticket. . . . Is that enough or any other measures you guys do?

[Condi]

Live my life normally using a combination of debit, credit cards and cash depending on what is in my pocket and what is most convenient.



Otherwise nothing of note. The risk is very very small, and most people who have money taken fraudulently have usually given away the information themselves, either by opening an email and 'logging in' to a site they shouldn't, or answering the telephone to 'their bank' who just need to confirm their pin number. Life is short...



The above advice has been fine across 4 different continents, countless different countries, and god knows how many different online websites in various corners of the globe.

[anonymous-user]

mgsontour said:

....have got myself a credit card with a grand limit (that's then all they can take)

That's madness. You have NO LIABILITY whatsoever for credit card fraud. Fraud is the bank's problem, not yours.

Credit card is just about the safest way to spend in UK today.

[Integroo]

You worry too much.

[Countdown]

mgsontour said:

Hi all, with financial fraud obviously a major problem and using cash becoming out-dated I wonder what measures you guys have put in place? I'm historically a cash-man and have been all my life, however, while in London recently I came across a 'card only' bar " NO CASH TAKEN " on another occasion a few months ago escaped a Aldi parking fine by the skin of my teeth as I couldn't prove I used the store as I paid in cash. So what I do is buy goods online via UK only sellers and pay with Paypal and have got myself a credit card with a grand limit ( that's then all they can take) to buy everyday items like petrol, beer and prove I've used car parking should I get a ticket. . . . Is that enough or any other measures you guys do?

I think you’re worrying too much. However you some banks will set up auto text alerts to let you know when more than £X has been spent on your card so, hypothetically, you could set this to £1. That way every time your card was used you would get a text message?

[Croutons]

I picked up one of those "anti skimming" inserts for your wallet at a trade show.

To my knowledge, no-one skimmed my card.

But, it set off the door alarm in every branch of Tesco near me, but only on the way out!

[anonymous-user]

Integroo said:

You worry too much.

Not half!

I don't tell anyone my pin number and don't open dodgy emails. End of

[soad]

Croutons said:

I picked up one of those "anti skimming" inserts for your wallet at a trade show.

To my knowledge, no-one skimmed my card.

But, it set off the door alarm in every branch of Tesco near me, but only on the way out!

RFID Blocking Card?

[anonymous-user]

If you’re worried about it then just use a credit card.

[anonymous-user]

Thanks everyone for your input and will keep going as I am but was just checking to keep updated as it's my job to worry/think unsure what the difference is but am sure it's a fine balance but anyhow thanks again

[996owner]

I thought if money was taken from your current account it was your problem not the banks.

I've been told countless times by my bank that once its gone from your account its almost impossible to get it back?


Thanks


Dave

[nikaiyo2]

I rifle through my neighbors bins to get credit card information then call them pretending to be from the police to get the CCV number.

Call all the old folk i can find pretending to be Ali Bongo Shaffta with an inheritance from an old uncle in "Inja."


Aggressively Beg outside Michelin starred restaurants.

[anonymous-user]

mgsontour said:

Hi all, with financial fraud obviously a major problem and using cash becoming out-dated I wonder what measures you guys have put in place? I'm historically a cash-man and have been all my life, however, while in London recently I came across a 'card only' bar " NO CASH TAKEN " on another occasion a few months ago escaped a Aldi parking fine by the skin of my teeth as I couldn't prove I used the store as I paid in cash. So what I do is buy goods online via UK only sellers and pay with Paypal and have got myself a credit card with a grand limit ( that's then all they can take) to buy everyday items like petrol, beer and prove I've used car parking should I get a ticket. . . . Is that enough or any other measures you guys do?

I'd rather be inconvenienced by fraud (no loss to myself) rather then be mugged for cash in my wallet.

[Countdown]

996owner said:

I thought if money was taken from your current account it was your problem not the banks.

I've been told countless times by my bank that once its gone from your account its almost impossible to get it back?


Thanks


Dave

It depends on HOW it goes from your current account. If it's a payment that YOU have authorised then yes, once it's gone it's usually gone. However if it's debit card fraud or somesuch then (as long as you haven't been walking around with the PIN written on the card) you should be OK.

[dazmanultra]

I think I'm just as likely to drop or lose cash than I am to have my card skimmed. The latter I can get back though.

No cash is becoming really common in a lot of places now - people look at you like a weirdo if you go to pay with cash in some bars or cafes these days!

[Testaburger]

I’ve lost plenty of cash in the past - physically. There’s no getting it back.

I’ve never been a victim of CC fraud, but I’m not concerned about it - it’s covered.

[Muzzer79]

keirik said:

I don't tell anyone my pin number and don't open dodgy emails. End of

This. Life's too short to be faffing around with cash and it's covered by the bank.

[Scootersp]

mgsontour said:

Thanks everyone for your input and will keep going as I am but was just checking to keep updated as it's my job to worry/think unsure what the difference is but am sure it's a fine balance but anyhow thanks again

I used to be a bit like you, I would relax re creditcards, perhaps get two with slightly larger limits.

If one is attacked, there will be a period of downtime while it gets sorted out, new card sent etc etc, so it's convenient to have another card I think.

I have even done this with banks, if there is ever an issue with a bank, Northern rock armageddon style or IT failure TSB style, then having two current accounts with different banks helps again while everything is sorted.

[anonymous-user]

Scootersp said:

I used to be a bit like you, I would relax re creditcards, perhaps get two with slightly larger limits.

If one is attacked, there will be a period of downtime while it gets sorted out, new card sent etc etc, so it's convenient to have another card I think.

I have even done this with banks, if there is ever an issue with a bank, Northern rock armageddon style or IT failure TSB style, then having two current accounts with different banks helps again while everything is sorted.

I kind of have the same set-up and may add also have Mastercard AND Visa as I've been abroad where one has failed but the other works at the POS ( nothing to do with my accounts purely to do with the payment system) as all works perfect the next day