07 February 2013

Credit card fraud higher in Southeast Asia, say banks, travel agents

CHENNAI: Credit cards may be the most convenient way to pay on a trip abroad, but in some countries it is unsafe to use them. It is riskier to swipe credit cards in Sri LankaThailand, the Philippines, Malaysia, and Indonesia than in Europe, warn travel agents. 

Many travel agents have an informal list of countries where it is risky to use credit cards because information can be stolen and misused. Credit card information thieves often target tourists who buy electronics, or visit pubs and clubs. 

"We tell travelers not to use credit cards at clubs, pubs, casinos, department stores or small shops when they travel abroad. It is a risk to use ATM machines in Malaysia. There is no advisory or black list available, but we get a lot of feedback from other travel agents about customer experiences abroad," said Basheer Ahmed, an office-bearer of Travel Agents' Federation of India.


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