Mortgage fraud made possible with fake payslips from the Internet

Mortgage fraud is an issue that has been at the centre of a crackdown in the UK, with the difficult mortgage conditions that have been seen over the past couple of years resulting in a surge in mortgage related activity. An investigation was recently carried out by a national newspaper, the Observer, with one of its reporters finding out just how easy it can be to commit mortgage fraud. Read more

Tags: Observer, mortgage related activity, search, mortgage, Consumer fraud

Credit card cloning warning

Credit card holders are being told to increase their vigilance and be on alert after a spate of card cloning incidents.

Police in Cheshire have sent a warning out to all card holders in the area after around £3,000 was taken from accounts over the new year period, reports the Chichetser Observer.

In total, officers say that ten people reported money missing from their accounts, all of whom had used the same cash point.

The investigation is now focussing on the HSBC machines located in a local supermarket.

A process known as skimming is believed to be what was used by criminals to obtain the account numbers, sort codes and pin numbers of unsuspecting victims.

This data is then transferred to another card and it can be used in exactly the same way.

Those who have already realised that money has gone from their account did so because they have checked their statements, however police fear the number of victims will escalate when others check their balance.

Tags: business, Automated teller machine, Observer, area, year, way, card cloning incidents.Police, card cloning warning