In this episode of Which? Money, our scams and fraud expert Faye Lipson explains what an automatic billing updater is and how handy it is when our cards expire. But she also unpacks how it aids financial criminals to maintain access to our money once they’ve already scammed us.
Faye tells us how she investigated nine banking brands and card providers to find out what processes they have in place to protect our money from scammers. She also details any inadequacies she saw during her research.
Plus, she shares her expert advice on what to do if your card details have been compromised to ensure you get all your money back.
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source https://www.which.co.uk/news/article/why-replacing-your-bank-card-might-not-stop-scammers-from-spending-your-money-aBla98b7Tz0E