Don’t trust loved ones with your PIN, LV= warns

| August 28, 2009 | 0 Comments
Don't trust loved ones with your PIN, LV= warns

LV= has warned of the dangers of trusting the people we love the most.

The insurer said debit and credit card users risk having their identity stolen every time they share their pin number with their husband, wife, brother, sister, father, or mother.

“We would strongly urge all card-users not to tell anyone their pin number,” said John O’Roarke, LV= home insurance manager.

“Not only does it undermine the security of your account and increases the risk of ID fraud but also card holders could end up out of pocket if they are found to have shared their card details.”

A study by LV= found one in five adults have placed so much trust in a friend or relative in the past year that they’ve dared to share their pin number.

Popular ways to share pin numbers include over the phone, in writing, face to face, via email, or via text message.

The survey found 98% of those using someone else’s card were not caught by the retailer.

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