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Thread: Crooks turn to online card fraud
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11-08-2005 06:06 PM #1
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Crooks turn to online card fraud
Nearly 140 million chip and pin cards are being issued by banks
Card fraud via the internet, phone and mail order has leapt 29% over the past year, the Association of Payment Clearing Services (Apacs) says.
"Card not present" fraud, as it is called, rose £20m to £91m, the majority of this being committed online.
But overall, card fraud totalled £219m in the first half of 2005, down from £252m in the same six months last year.
The recent introduction of chip and pin card technology has been credited for the fall.
sorce: news.bbc.co.uk/1/hi/business/4414580.stm
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