The UK Cards Association today (1 November 2011) advises about an old-style phone scam that is increasingly being used by fraudsters across the UK.
A German electronics engineer who used his skills to help criminal gangs clone credit and debit cards and steal thousands of pounds from members of the public has been sentenced to three years in prison.
Card fraud and online banking fraud losses fall,but cheque fraud and phone banking fraud losses riseOctober 5, 2011
New figures released today(5 October2011)show that fraud losses on UK cards decreased in the first half of 2011 compared with the same time last year, as did fraud on online bank accounts.However,cheque fraud and fraud on phone banking accounts increased over the same period.
Today, LINK, the UK cash machine network, reported that Friday 30th September was the busiest day of the year so far for LINK ATM withdrawals with £577 million withdrawn in cash as consumers got ready for the hot weekend.
With the holiday season fast approaching, The UK Cards Association and ABTA, the travel association, have today (17 June 2011) published Using your card overseas to provide advice and information for holidaymakers and business travellers who are planning to use their cards abroad this summer.
Police officers from the Dedicated Cheque and Plastic Crime Unit (DCPCU) are today (Wednesday 11 May) holding a cash machine fraud prevention public event at the Fulcrum, Broadgate Circle near Liverpool Street Station.
Financial Fraud Action UK (FFA UK) has been made aware that out of the 70 million Sony PlayStation accounts compromised worldwide in the Sony PlayStation Network incident, 3 million are based in the UK. Sony has not yet confirmed if card details have been compromised but FFA UK is liaising closely with Sony with regard to this.