FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

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.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue