[pchelpers] News:Online banking fraud plunges

Tim Ferguson silicon.com 

Published: 04 Oct 2007 18:22 BST

Online banking fraud has fallen by 67 percent during the first six
months of 2007 compared to the same period last year, according to UK
payments association Apacs.

But plastic fraud on UK-issued cards has gone up by 26 percent during
the six months to June, and card fraud committed overseas on UK-issued
cards has shot up by 126 per cent.

Apacs said the introduction of chip and PIN has made it harder for
criminals to commit card fraud in the UK, forcing them to go abroad
where the technology is not in place. But Apacs predicts this problem
will be tackled as more countries roll out chip and PIN technology.

More here:
http://news.zdnet.co.uk/security/0,1000000189,39289808,00.htm

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John Durham
Site http://modecideas.com
Server hosted on Ubuntu 4.10
Good advice is like good paint. It only works when applied.



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