Saturday 5 December 2009

Internet 'pickpockets' target credit cards

Credit card fraud could have risen this year. An increasing number of customers are facing compromised credit card security caused by impersonation fraud, new data has suggested.

CIFAS, the UK's fraud prevention service, said today (December 1st) that 68,000 people had their identities remotely hijacked by criminals over the first 10 months of 2009, an increase of 37% from January-October 2008.

Meanwhile, the number of people suffering from bank and credit card account takeovers grew by 18% over the year.

ID fraud is often perpetrated after a customer gives credit card information to fake shopping websites offering cut-price counterfeit goods.

The criminal then uses these details to make transactions or take out additional financial products.

Richard Hurley, CIFAS communications manager, said: "The festive season traditionally reminds us of the high street threats of thieves and pickpockets stealing our wallets.

"We must, however, protect ourselves equally from their latter-day counterparts who target our identities."

Recent figures from VeriSign, a tech firm, indicated that 22% of Britons are being "held back" from shopping online this Christmas due to their own fraud concerns.

Around one in six (14%) will also steer clear of the transactions because they "do not trust" ecommerce sites.

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