We've all heard of credit card fraud where thieves target your cash, but in the latest scam they're going after something they hope you won't notice: your points.
According to a service representative at the Royal Bank of Canada this is a fairly new phenomenon that they have seen becoming a trend over the past few months.
He says in most cases they gain access to pertinent account details by either hacking your computer or by stealing your mail.
Once they have that information they can attempt to access your points and transfer them to their email address.
Over the weekend an Okanagan business had over 600,000 Royal Bank points transferred out of their account. The points were sent to to this email account: [email protected]
RBC says, just like they keep track of your monetary transactions, they also try to keep an eye out for unusual movement of your points. They track suspicious emails and block them, but in many cases those perpetrating the fraud will simply set up new email addresses.
In terms of protecting yourself, you are best to update your passwords regularly and try not to leave any hard copies of credit card statements lying around.
Has anyone tried to steal your credit card points? Let us know at [email protected]