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Credit card fraud on the rise

Published on 28 Jan 2010 under category: legal

Cardiff has become the UK hotspot for card fraud, according to a new survey.

Research by CPP has found that the Welsh city narrowly beat London for card crime last week, with crime rocketing up to 37 per cent - ahead of 35 per cent in the capital.

Norwich (30 per cent), Southampton (28 per cent) and Leeds (27 per cent) followed closely, with Liverpool being the least popular spot for card criminals (15 per cent).

The card protection experts also found that the practice had increased by more than six per cent in two years, resulting in an additional three million victims.

Sarah Blaney of CPP said that criminals were becoming increasingly "sophisticated" in frauding customers.

"We have seen high levels of Card ID theft, where criminals take over the running of another person's bank account - usually by changing the address details and then requesting a new card and genuine pin to access the bank account."

Though 19 per cent of cardholders are more worried this year than before, most admit they do not take precautions.

Ms Blaney called on customers to check their details regularly to note any suspicious statements and to never let their card "out of their sight".

Almost of half of customers (43 per cent) only become aware of fraud after they are alerted by their bank.

If you require information on Corporate Fraud please call us on +44 (0)207 7831 0101 and ask for Dan Hyde.