Software allowing fraudsters to track what you type led to the level of online banking fraud more than doubling in 2008, according to a banking body.Fraudsters use a device called keylogging – when keystrokes on a computer are tracked to gather passwords and credit card numbers.Online banking fraud jumped to £52.5m last year, up from £22.6m in 2007, said UK payments association Apacs.Total fraud losses on UK debit and credit cards rose by 14% to £609m.
http://news.bbc.co.uk/2/hi/business/7952598.stmCredit and debit card fraud jumps as criminals beat chip and pin
Credit and debit card fraud increased by 14 per cent last year as criminals beat the chip and pin system by preying on shoppers on the internet, official figures indicate.The data shows that chip and pin, introduced four years ago to combat fraud, has failed to stop a substantial rise in fraud.Losses on plastic cards totalled £610 million – or the equivalent of £13.5 for every adult in the country – during the year, up from £535 million in 2007, according to Apacs, the trade body which represents the card industry.
www.telegraph.co.uk/finance/personalfinance/borrowing/creditcards/5016593/Credit-and-debit-card-fraud-jumps-as-criminals-beat-chip-and-pin.html
Leave a Reply