Crooks turn to online card fraud

Credit card fraud via the internet, phone and mail order has leapt 29% over the past year, the Association of Payment Clearing Services (Apacs) says. "Card not present" fraud, as it is called, rose 20m to 91m, the majority of this being committed online.

But overall, card fraud totalled 219m in the first half of 2005, down from 252m in the same six months last year. The recent introduction of chip and pin card technology has been credited for the fall. BBC NEWS | Business | Crooks turn to online card fraud

Linked by shanmuga Tuesday, 8th November 2005 2:00AM