Card fraud down in 2006 by Finance News Bulletin

Published: 22/12/07

There has been hopeful news regarding card fraud in the UK as new investigate shows that instances have fallen five per cent during the first six months of this year compared with the same time period in 2005UK expenditure association Apacs discovered that although the total height of card fraud has decreased in 2006, online banking deception has risen to £225 million from £145 million for the matching period last year

The research indicates that cardholders can still do more to protect themselves from deception on the internet and according to Sandra Quinn, director of corporate infrastructure at Apacs, the emphasis must be located on keeping personal details secureShe remarked: "These latest fraud figures show that the industrys labors are making their mark However, each and every one of us can also help defeat the fraudsters and defend our cards and online financial records, by keeping our pins, passwords and personal information secure and secure"Findings of the research also showed that a quarter of people in the UK had at some tip disclosed their pin figure to someone else, which heightens the option of becoming victim to card fraud

Apacs presently has 31 members and their payment transfer volume makes up nearly the

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