Friday, 10 of September of 2010

Credit card fraud – are retailers to blame?

A new report from IT security event organiser Infosecurity Europe found that 44% of people have fallen victim to this type of fraud.

The average amount stolen equated to £1,448, although 37% of those questioned did not receive their money back from the bank.

More than two-thirds (60%) of respondents blamed retailers for being negligent with their personal details, while 28% said it was their own fault that money had been stolen.

Claire Sellick, Event Director for Infosecurity Europe, commented: “The incidence of bank card fraud and ID theft is very high and perhaps not surprising given how ingenious criminals have become.”

A quarter of the people questioned said their credit card details had been stolen during an online transaction, while a fifth were duped during a face-to-face transaction.

The study is hot on the heels of the British Crime Survey, which also showed a rise in this type of fraud.

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