Feeds

UK plastic fraud losses fall for first time in 3 years

Online banking losses up though

Secure remote control for conventional and virtual desktops

A rise in online banking fraud losses took some of the shine off the overall fall in debit and credit fraud in the UK last year.

Official figures from the UK Cards Association, which represents UK credit and debit card providers, published on Wednesday show that fraud on debit and credit cards fell by 28 per cent in 2009 to £440.3m in total, compared to £610m in 2008.

The decrease in overall card fraud - the first since 2006 - is credited to the effects of Chip and PIN on retail fraud, improved fraud detection tools and law enforcement efforts.

While other forms of fraud dropped online banking losses increased £59.7m in 2009, an increase of 14 per cent on losses of £52.5m during 2008. Increasingly sophisticated malware attacks targeting bank customers and a 19 per cent increase in phishing attacks in 2009 was blamed for the rise.

Advice to consumers on avoiding such attacks can be found here at banksafeonline.

By contrast, fraud abroad which fell by 47 per cent to £122.7m, a huge win credited to improved fraud detection systems that block or double check unusual spending activity. Counterfeit card fraud (skimming and cloning) losses also fell by over a half.

A complete breakdown of the figures can be found in a release by the UK Cards Association here. ®

New hybrid storage solutions

More from The Register

next story
Google recommends pronounceable passwords
Super Chrome goes into battle with Mr Mxyzptlk
Infosec geniuses hack a Canon PRINTER and install DOOM
Internet of Stuff securo-cockups strike yet again
Snowden, Dotcom, throw bombs into NZ election campaign
Claim of tapped undersea cable refuted by Kiwi PM as Kim claims extradition plot
Reddit wipes clean leaked celeb nudie pics, tells users to zip it
Now we've had all THAT TRAFFIC, we 'deplore' this theft
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
TorrentLocker unpicked: Crypto coding shocker defeats extortionists
Lousy XOR opens door into which victims can shove a foot
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.