The credit card ‘loophole’ that fraudsters are exploiting (opens original article in a new tab)

A consumer watchdog warns that a credit card renewal feature may allow fraudsters to continue spending after a card is cancelled, as automatic updates could enable resumed fraud.

• A consumer watchdog warns that a credit card renewal feature may allow fraudsters to continue spending after a card is cancelled.
• Some banks automatically update saved card details for subscriptions, potentially enabling resumed fraud.
• Which? calls for banks to let customers opt out of automatic billing updaters and adopt consistent fraud policies.