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News Tag: chip-and-pin

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 25, 2012

Brits urged to choose more secure PIN numbers

by Jan Harris
Brits urged to choose more secure PIN numbers
A new report from analytics firm Data Genetics suggests that criminals can guess PIN numbers 10 per cent of the time purely because people are choosing PIN numbers that are easy to remember. Data Genetics found that one in nine people use “1234” as their PIN number when withdrawing cash at ATMs or making payments at retail outlets. 1234 is ...




March 9, 2011

Card fraud continues to fall

by Kay Mitchell
”Card
The UK Cards Association has today revealed that credit and debit card fraud continues to decline. According to the Association, fraud losses on UK credit and debit cards totalled £365.4 million in the 2010 year - a drop of 17% compared with 2009. The figure represented a 10-year low and compares with the record high of £610 million in 2008. The group attributed the ongoing ...




October 6, 2010

Card fraud continues to fall

by Kay Mitchell
”Card
The UK Cards Association has today revealed that credit and debit card fraud continues to decline. According to the Association, fraud losses on UK credit and debit cards totalled £187 million in the first six months of 2010 - a fall of 20%. The group attributed the ongoing fall to a number of factors - one being the introduction of chip-and-pin. In the meantime, online ...




March 10, 2010

Credit card fraud falls, online banking fraud grows

by Kay Mitchell
”Credit
The UK Cards Association has today revealed a fall in credit and debit card fraud - partly due to the introduction of chip-and-pin. According to the Association, fraud losses on UK credit and debit cards totalled £440.3 million in 2009 - a fall of 28% compared with 2008 and the first annual decline since 2006. While it is good news that ...