Credit Card Fraud Prevention: 5 Strategies on How to Avoid Fraudulent Credit Card-Related Behaviour in Singapore

Had your credit card compromised? If so, you are not alone. According to data that reveals credit card fraud statistics (compiled by financial companies including Aite Group and ACI Worldwide), Singapore is one of the top ten highest-rated countries worldwide when it comes to credit card frauds.

5 Strategies to Stay Safe

  1. Monitor your transactions: Regularly check your banking statements for any unauthorised activity.
  2. Use secure websites: Only provide your credit card details on sites that use HTTPS encryption.
  3. Report lost cards immediately: Contact your bank the moment you realise your card is missing.
  4. Enable SMS/Email notifications: Sign up for transaction alerts so you are notified of every spend in real-time.
  5. Change PINs and Passwords: Frequently update your security details and never share them with anyone.
Agoda Stats analysis