Credit card users warned on PIN records
Credit card holders are being warned about the dangers of writing their card PIN down.
It comes after a study by Which? found that at least 1 in 10 people were making a written record of their PIN, potentially allowing for card fraud to more easily take place.
Not only that, but it would be a breach of credit card terms of conditions, and make any such consumer liable for losses – as opposed to the banks.
According to the report: Pin fraud warning to card users
Consumer group Which? said an estimated four million debit card holders and three million credit and charge card holders were putting themselves at an increased risk of having their account emptied by criminals through disclosing their Pin.
Most worryingly, a third of people who admitted they had written down their Pin said they kept it in their wallet or handbag.
A further 36% had it written down somewhere at home, while 9% had made a note of it in their office.
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