A new study from payment systems company ACI Worldwide has revealed the UK to be the country worst hit by credit card fraud throughout Europe, with 1 in 4 Brits having been affected by it over the past five years.
The study, conducted by research firm Aite Group on behalf of ACI Worldwide, interviewed some 6,000 consumers in 20 countries as part of their 2014 Global Fraud Report. It found that whilst the UK suffered the highest rate of card fraud throughout Europe,
The Washington Post published an article recently after looking into credit card fraud and the trade of stolen card numbers online, finding that stolen European credit cards are five times more valuable than those from the US – with European card details going for around $50 USD each, and US ones closer to just $10 USD.
Why is this the case, and why are European cards more sought after by fraudsters? Well, the first reason is oversupply of US card details.
We love our smartphones. Whether we’re tweeting, liking, watching or gaming, they’re never too far away. And there’s nothing we enjoy more than getting the latest apps to enhance the experience our phones give us, but are we aware of the risks of doing so?
Mobile apps are a multi-billion dollar industry, with over half of us regularly buying the latest and greatest applications without so much as a second thought to the potential risks.