The world cup of soccer is taking place this week, and many bank officials worry that instances of credit card fraud. will rise during the event, according to the AFP. One man visiting South Africa, the location of the event, withdrew money from an ATM and received a call saying that 300 euros had been charged to his account only a few short hours later.

"I immediately opposed the charges, but if my bank adviser hadn't been so attentive, that party would have continued until the end of my stay," the 59-year-old French citizen told the news source.

The criminals who accessed the man's account managed to copy his credit card's magnetic strip and his personal identification number. However, personal information can be lifted when a customer uses their credit card at a restaurant, store or gas station, the news source reports.

Currently magentic strip cards are widely used in Africa, however banks are making some attempts to release more secure credit cards. New cards will use a computer chip and will not require a signature.

According to Javelin Strategy and Research, the number of U.S. identity fraud. victims increased 22 percent in 2008 to 9.9 million adults.