Feeds

Card fraud grows online

But ID theft falls...

Using blade systems to cut costs and sharpen efficiencies

Fraudulent use of credit cards online is increasing because Chip and PIN technology makes other forms of fraud more difficult.

The six-monthly survey from Apacs, the UK payments association, found that card-not-present fraud, which covers internet, mail order and telephone scams jumped nearly a third compared to the same period last year.

In the period January to June 2004 card-not-present scams netted fraudsters £70.2m but in the first half of this year losses grew to £90.6m. The internet part of this fraud grew five per cent to £58m.

But despite the growth in card-not-present frauds total card losses fell 13 per cent to £219.4m. ID theft on card accounts fell 16 per cent from £19.1m to £16.1m.

Apacs also carried out research into consumer attitudes to security and found one in four online shoppers not checking whether sites are secure or not. Almost half of women and half of 16 to 24 year olds do not know what 'phishing' is. Apacs is starting a marketing campaign to show punters how to protect their cards.

A spokeswoman at Apacs, said: "The latest online fraud losses are comparatively low considering the huge number of transactions now being carried out online and it is clear that fraudsters are having more success targeting cards than online bank accounts - so our campaign is focused on cardholders."

Apacs will publicise its top ten tips including: keep details safe in the real world - because that's where most internet fraudsters get them from - check your browser is up-to-date with security patches and only use secure websites.

Tickbox carried out the research for Apacs and spoke to 2,104 online shoppers.

More from Apacs here.®

The smart choice: opportunity from uncertainty

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
NEW, SINISTER web tracking tech fingerprints your computer by making it draw
Have you been on YouPorn lately, perhaps? White House website?
LibreSSL RNG bug fix: What's all the forking fuss about, ask devs
Blow to bit-spitter 'tis but a flesh wound, claim team
Black Hat anti-Tor talk smashed by lawyers' wrecking ball
Unmasking hidden users is too hot for Carnegie-Mellon
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
Don't look, Snowden: Security biz chases Tails with zero-day flaws alert
Exodus vows not to sell secrets of whistleblower's favorite OS
Own a Cisco modem or wireless gateway? It might be owned by someone else, too
Remote code exec in HTTP server hands kit to bad guys
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.