Feeds

Online fraudsters fleece UK etailers

Tut, tut, what do you expect?

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Online crime pays, according to a report published today by Experian.

The global information solutions group claims nine out of ten efraudsters aren't caught and are simply getting away with it.

The survey reveals that when it comes to checking the authenticity of credit card transactions, many of Britain's etailers are lax.

The survey of 800 British etailers found that many online authentication systems were wanting and most relied on manual systems to check credit card details.

This is despite almost 60 per cent of etailers saying that the fear of Net crime is bad for consumer confidence.

Gareth Jones, head of fraud at Experian, said: "Etailers can do more with regard to customer authentication.

"The technology is out there but some people are just not using it," he said.

Last month police arrested three men for allegedly fraudulently trying to obtain money from online bank, Egg.

Earlier, Visa and Mastercard said they were tightening up their security procedures following a massive rise in card fraud last year.

According to the Association for Payment Clearing, fraudulent transactions worth £190 million were made last year, although only £4 million of this was thought to be Internet related. ®

The essential guide to IT transformation

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.