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How to transact safely online and avoid card fraud over the holidays


How to transact safely online and avoid card fraud over the holidays
As we start the holiday season, it is important to empower yourself not to fall victim to Card Not Present (CNP) fraud, which occurs when neither the card nor the cardholder is present whilst a fraudulent transaction is being conducted.
In 2019 the Bank of Ghana (BoG) reported a total number of 2,295 fraud cases in the banking industry as compared to 2,175 fraud cases reported in 2018.
The marginal increase in the number of fraud cases reported may partly be attributed to the improved efforts by the Financial Stability Department of the BoG, to identify, monitor and to ensure compliance with reporting of fraud cases in the industry. ....

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