Credit card fraud is falling, survey finds

Brighton is new hotspot for plastic crime

Seven per cent of UK credit card holders were hit by plastic fraud in 2010, a survey by credit protection company CPP has found, which represents an encouraging three per cent fall compared to 2009. Average fraud losses were also lower.

Questioning a sample of 2,009 people, the top fraud hotspot turned out to be affluent Brighton, with 38 per cent of those surveyed complaining of fraud, followed by London (34 per cent), Manchester (33 per cent), Bristol and Leeds at joint fourth place (32 per cent) and Edinburgh (31 per cent).

Most fraud incidents are traced to straight card cloning after an encounter with a crooked teller or tampered ATM machine, which is still considerably more common than online-related fraud. A third of those surveyed had no idea how their card details were stolen, with some only finding out when their card was refused during a transaction.

The average amount stolen was £417 ($665), somewhat down on last year's average of £590, with only four per cent reporting fraud of more than £2,000.

Last year's top town for plastic fraud was Cardiff, so it's hard to know whether to read much into the location figures. Most towns have a moderate problem with this type of crime.

What is intriguing is the possibility that fraud levels are reducing and this might have something to do with protection systems put in place by credit card issuers.

"In particular, online fraud has decreased, which could be a result of industry initiatives such as Verified by Visa and MasterCard SecureCode," noted CPP fraud expert, Sarah Blaney.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags Personal Techsecurity

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John E Dunn

Techworld
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?