Southeast London is the worst area in the UK for credit card fraud
Spare a thought for credit card companies. They have to walk the tightrope of spending just enough money on getting fraud down to manageable levels, without overspending on combating fraud and blowing all of their own profits on helping boost profits for competing card providers.
One of the fastest growing types of fraud is known as "card not present" fraud. Within the last year, card not present fraud has increased 20% to around £200 million per annum.
One of the fastest growing types of fraud is known as "card not present" fraud. Within the last year, card not present fraud has increased 20% to around £200 million per annum.
The Early Warning fraud information group has tracked fraudulent card not present purchases and the addresses they were sent to. It turned out that, against stiff competition from Birmingham and Bristol, Southeast London was the most popular destination.
Added : Monday 10th March 2008 20:30
Tagged In : Money | Credit Cards
