Internet card fraud is down

January 11, 2007 by admin  
Filed under News, News-Credit-Cards

Internet card fraud fell during the Christmas period, despite a huge increase in the number of online transactions.

Figures from internet fraud-prevention specialists Early Warning show that although shopping on the net increased by 40 per cent, fraud fell.

The data has caused widespread surprise in the industry as many figures expected to see online credit card fraud increase with the number of internet shoppers.

“This is really an unexpected and encouraging first in internet fraud statistics,” said Andrew Goodwill, managing director at Early Warning.

“As e-commerce goes on rising, we are used to corresponding increases in fraudsters’ activities to capitalise on it.”

Mr Goodwill went on to say that he believes increased awareness among consumers about the dangers and safety measures associated with the internet had been a big contributing factor.

“I am encouraged by these figures and hope this is not just a blip but the start of a downward trend for internet card fraud,” he added.

Tags: trend, Technology Internet, internet card, law, Deception, online transactions.Figures, cent, Early Warning."As

Related Entries

  • Card fraud rife despite Chip and Pin
  • A few years ago the nation was introduced to Chip and Pin technology which was a new type of technology that had been designed to increase security for plastic card users and to cut down
  • Card fraud goes down whilst banking fraud increases
  • Recently released figures have shown that whilst credit card fraud in the UK has been going down, which will come as a relief to the many cardholders that have been fearful about becoming victims of
  • Online banking fraud rises
  • More of us are falling victim to online banking fraud, with new figures showing a huge increase within the last 12 months.Apacs, the UK payments association, says there was a 44 per cent rise in
  • Put credit card fraud into perspective
  • As Christmas approaches many consumers in the UK have started to worry about the risk of Internet fraud, and although buying gifts and other related items online has become hugely popular over the years many
  • London’s size responsible for title of worst city for card fraud
  • The size of London and its population are the main reasons behind its recent labelling as the UK's worst city for credit and debit card fraud, one financial expert claims. According to payments association APACS,
  • Figures show fall in credit card fraud
  • Recent figures have shown that the level of credit card fraud seen in the UK during the first half of this year fell. In fact, according to recently released figures the level of fraud fell
  • Christmas shoppers may be too nervous to get bargains online
  • A recent report has highlighted how, whilst many of the best bargains for Christmas may be available via the Internet, many consumers may be too nervous to take advantage of these offers because they are
  • Overseas credit card fraud increases
  • An increase in the amount lost as a result of credit card fraud has been driven by fraud on UK cards used abroad. New research from Apacs revealed that over the first six months of this

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!