Internet Card Fraud
Added on April 25th, 2008
Found in Merchant Services, News, Special Offers
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An article appearing on yesterdays BBC News website highlighted the depth of card fraud on the Internet, phone and mail order. As a provider of e-commerce websites IT4B have an active interest in highlighting any areas of concern for businesses and aim to offer best advice.
Apparently figures estimated ‘card losses from phone, internet or mail order crime totalled £290.5m in 2007′ but these figures would be much greater if failed attempts had been successful. The article goes on to highlight the ease with which stolen credit and debit card details are obtained and even sold on line. Figures also indicate that there was a ‘25% rise in fraudulent use of UK credit and debits cards last year’ in overseas crime.