uk: How online fraudsters helped themselves on Christmas Day

Monitoring of suspicious purchases shows that internet criminals were buying an array of goods with stolen cards yesterdayWhile families settled down to a day of unwrapping presents and second helpings of turkey and mince pies, criminals were also indulging in another form of seasonal cheer in the most fraud-ridden Christmas Day in Britain’s online history.An estimated 8,500 fraudsters went online yesterday to help themselves to electronic goods and gold-plated watches using stolen credit card details. Tracking systems for online criminal activity are now so sophisticated that fraudulent transactions can be monitored in real time and reveal in which part of the world online bandits are based.

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