Compare Credit Cards with CardSmart

Home » Credit Card News » Card Protection & Fraud » Children 'can expose parents to online credit card risks'

Children 'can expose parents to online credit card risks'

There are a number of dangers associated with children using the internet to shop without the knowledge of their parents, credit card customers have been warned,

More from Card Protection & Fraud
7 January 2009

Children 'can expose parents to online credit card risks'”

Bookmarks

Michael Lynch, fraud expert at life assistance company CPP, states that as well as "racking up bills", youngsters can inadvertently give out personal information without understanding the potential implications of doing so.

He suggests children may not be aware that certain sites are secure and others are not.

Mr Lynch adds they may input credit card and address information onto the internet, where fraudsters may be able to access and misuse it, "whether it's through phishing attacks to either sell the data or commit fraud using their credit card details".

The expert's comments follow the publication of the October 2008 CPP report about online family fraud.

It found that more than three-quarter (77 per cent) of youngsters use the internet without supervision, while nine per cent know where their parents keep their banking details.

Written by ©

Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9^%
16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
	Virgin Credit Card
	20 months	3 months	16.8^%
16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
	Barclaycard Platinum with BT
	22 months	3 months	17.5^%
17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
Compare More Credit Cards...

The content and information on this website are intended as general information only and shall not be construed as financial advice or recommendations of any nature in accordance with the Financial Services and Markets Act 2000 nor is it intended to address specific financial requirements. Read more... We strongly recommend that you seek independent financial advice before using and/or relying on the information made available to you or prior to purchasing any financial product/service listed on the Website. Whilst every attempt has been made to ensure that the content and information published are true, correct and up to date, no warranty, guarantee or representation is given as to its accuracy, reliability or fitness for a specific purpose.

The Best Buy credit card comparison tables feature financial products/services of our advertisers and may not necessarily constitute the best offers in the market for each of such products/services.