Tag: fraudsters

Card fraud continues to fall

Card fraud continues to fall

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 [...]

March 9, 2011 | 0 Comments More
Insurance fraud costs £1.9bn per year

Insurance fraud costs £1.9bn per year

Undetected insurance fraud has increased 24% in the past two years, the Association of British Insurers (ABI) said this week. Insurance fraud has soared to an estimated £1.9 billion per year, the ABI said, equivalent to £5.2 million per day. Detected insurance fraud has also increased, with £730 million worth of claims rejected in 2008, [...]

July 27, 2009 | 0 Comments More
Police warn of new chip-and-pin fraud

Police warn of new chip-and-pin fraud

A new chip-and-pin device has been developed by fraudsters which allows them to tamper with chip-and-pin machines. The new scam was unveiled yesterday as police raided a counterfeit card factory in Birmingham and discovered technology being used to steal consumer’s details and make fake cards. Police are warning consumers that the devices are hidden inside [...]

August 13, 2008 | 0 Comments More