The credit card ‘loophole’ that fraudsters are exploiting

The consumer group Which? has raised concerns regarding a credit card loophole that fraudsters are currently exploiting. This issue involves a process where card details are automatically updated for users who have previously saved them. Consequently, some consumers report that fraudulent activity has followed them onto their replacement cards. This automatic update mechanism may leave the door open for criminals to maintain access to accounts despite the cancellation of the original payment cards.