Tag: Card fraud

Weak PIN may leave fraud victims without compensation

Weak PIN may leave fraud victims without compensation

Santander is introducing changes to its terms and conditions which could leave victims of card fraud without compensation if the bank can show they have been negligent. Santander’s customers must use a unique four-digit PIN number on each of their credit and debit cards. Using the same number for several cards can be considered ‘negligent’. […]

December 4, 2012 More
Card fraud increases to £185m

Card fraud increases to £185m

Debit and credit card fraud increased to £185m in the first six months of this year, an increase of 9 per cent from the same period last year, according to the UK Cards Association. The use of chip and PIN technology has helped to cut the amount of fraud substantially from a peak of £304.2 […]

September 27, 2012 More
Phone fraudsters stealing bank card pins

Phone fraudsters stealing bank card pins

Fraudsters using a phone scam to trick bank card holders into revealing their pin numbers stole £750,000 in the first four months of this year. This is the same amount stolen through this scam in the whole of last year. The fraudster telephones a bank customer, often someone elderly or vulnerable, telling them that their […]

May 25, 2012 More
Barclay’s contactless cards open to fraud

Barclay’s contactless cards open to fraud

An investigation by Channel 4 has found that Barclays’ contactless credit and debit cards, which are used by up to 13 million customers, are at risk of fraud. In collaboration with mobile phone security company ViaForensics, Channel 4 discovered that smartphones integrated with near field communication (NFC) technology can steal data from the cards with […]

March 27, 2012 More
Card fraud falls to 11-year low

Card fraud falls to 11-year low

The amount of money lost due to credit and debit card fraud fell to £341m in 2011. This was 7 per cent less than the amount lost in 2010 and 44 per cent lower than in 2008, when £610m was lost through card fraud. Since 2010 the number of fraudsters impersonating people to use or […]

March 8, 2012 More