Crime Down But Credit Card Fraud Flying High
It seems as though the UK criminal fraternity have moved high tech with news that overall crime numbers are down but credit card fraud is still growing strongly. While the above statement will surprise many it is no surprise to the experts who have seen credit card crime mushroom over the last few years. So why is credit card crime growing?
One of the main reasons why credit card crime has moved onto a different level is basically the number of opportunities presented to the crooks. Card swiping machines can often be placed out of sight of the credit card holder and a quick flash past a swipe machine in their pocket and a copy of the card will be available in a matter of hours.
Such is the growth in credit card crime that the price of stolen personal account details has fallen to only a few pounds on the black market. There are so many actions which credit card holders can take to reduce the chances of fraud but it seems that more and more live by the rule 'it will never happen to me'.
Credit card fraud is a growing business and while many holders will be covered by insurance, the credit card companies will soon grow tired of bailing out those who do not take precautions themselves.
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