Source: National Cyber Security – Produced By Gregory Evans
Fraudsters like to obtain things that don’t belong to them, and their favourite way of doing this is by deceit. Sometimes they do it in their own name, sometimes they use someone else’s identity, other times they will just make an identity up altogether from scratch and use that. Usually these things turn out to be money or goods, and the faster the better. That’s why we are seeing a rise in the number of times fraudsters are attempting to take out plastic cards in stolen identities. The figures are stark – we recorded 53,740 of these cases from July 14 to June 15, an increase of 22% from the previous 12 months. Fortunately financial institutions have lots of systems in place to check identities, so many of these attempts are stopped in their tracks before the card is issued. But not always – fraudsters can get hold of so much personal information that sometimes the difference between genuine and fake identities is very hard to spot. The result: a huge impact on victims as they try to unpick what has been done in their name, salvage credit ratings and prove that they are not responsible for the spend and […]
For more information go to http://www.NationalCyberSecurity.com, http://www. GregoryDEvans.com, http://www.LocatePC.net or http://AmIHackerProof.com
The post Card fraud: Why do fraudsters find plastic so fantastic? appeared first on National Cyber Security.
View full post on National Cyber Security
