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News Tag: Card fraud

December 4, 2012

Weak PIN may leave fraud victims without compensation

by Jan Harris
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’. The numbers used must not be ...




September 27, 2012

Card fraud increases to £185m

by Jan Harris
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 million in the first half of 2008. However, ...




May 25, 2012

Phone fraudsters stealing bank card pins

by Jan Harris
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 account has been subject to fraud and therefore ...




March 27, 2012

Barclay’s contactless cards open to fraud

by Jan Harris
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 just one swipe. Details such as card ...




March 8, 2012

Card fraud falls to 11-year low

by Jan Harris
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 steal their cards has fallen by 41 ...