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The Independentindependent.co.uk

Cancelled card ‘loophole’ may leave door open for fraudsters, says Which? (opens original article in a new tab)

TL;DR

Which? warns that a card renewal feature may allow fraudsters to continue using stolen card details, as automatic updates in digital wallets and subscriptions could enable ongoing fraud, with banks using different methods to handle the issue.

  • Which? warns that automatic card renewal process may allow fraudsters to continue using stolen card details
  • Some banks automatically update card details in digital wallets and subscriptions, potentially enabling ongoing fraud
  • Banks have varying approaches to blocking fraudulent transactions, with some preventing automatic updates after fraud

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