Subscribe to The Money StopNews Feed

Browse > Home / News, News-Credit-Cards / London’s size responsible for title of worst city for card fraud

London’s size responsible for title of worst city for card fraud

February 22, 2008 by admin  
Filed under News, News-Credit-Cards

Leave a Comment

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, the fact that there are more cards in issue in London and therefore more transactions and more retail outlets are the reasons behind the city being crowned the UK’s “fraud hotspot”.

Mark Bowerman, a spokesperson for APACS, said that despite the difference between regions in the numbers of people, ways of consumers protecting themselves against card fraud are the same.

“As long as you are a cardholder who’s following common sense precautions you can minimise the chances of yourself becoming a victim; and [they are] the same steps to take whether you’re in London or in Yorkshire,” he added.

New research from the CPP Group revealed that London has overtaken Birmingham as the worst city for credit and debit card fraud.

In only a year, the capital city has risen from fifth to first position in the UK’s top ten of card fraud hotspots.

Tags: CPP, economics, common sense, payments association, victim, issue, cpp group, fraud

Tags:

Related Entries

  • 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
  • ID fraud insurance should offer a copy of credit files, says expert
    • People looking for ID fraud insurance should make sure the policy offers them a copy of their credit file, Equifax has said.Neil Munroe, external affairs director of the company, said that if someone steals a
  • Barclaycard acting irresponsibly
    • Credit card provider Barclaycard has been accused of acting irresponsibly after it was found that the financial giant had been contacting customers in order to try and encourage them to take money out on their
  • Consumers ’should help prevent credit card fraud’
    • Consumers and financial institutions have a joint responsibility to prevent card fraud, claims one expert. Although banks have a "definite responsibility" to protect consumers, individuals should also be more stringent with their financial information. Danny
  • ID fraud insurance policies increasing
    • The number of ID fraud insurance policies has been growing in recent years as ID theft has become more prevalent, but many people still have not considered taking out this kind of insurance, Equifax has
  • Internet card fraud is down
    • 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
  • Identity Theft
    • Identity theft is the fastest growing type of fraud in the UK today. So what is it? Fundamentally, it is what it sounds like: somebody pretends to be you. Often the first thing you will
  • Credit card scam catches out MP
    • An MP has been caught out by a "mystery" credit card scam.Although there is no likelihood that the card has been cloned - in that the member for Waveney Bob Blizzard has not used it

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!