The southeast section of London represents the capital for card fraud in the United Kingdom, according to a joint study from two UK-based security firms. The firms based the study results on their analysis of more than 30 million "good," or nonfraudulent, and "bad" card transactions between 1 Jan. and 30 June, according to a joint statement from The 3rd Man Group PLC and 192business.com. Other card-fraud hotspots include Coventry, Dartford, Manchester, Nottingham and Romford. Wales and Northern Ireland experienced the least fraud, according to the study. The companies claim card fraud occurs more frequently than official figures suggest because victims do not report all fraud attempts. Earlier this month, Cifas, a UK-based fraud-prevention service, named London the top hotspot for overall fraud, including credit cards, loans, mortgages and bank accounts (CardLine Global, 16 July). 3rd Man says Liverpool and Kilmarnock have reduced card-fraud because "local policing activity has targeted these criminals, and it's having a clear effect," Andrew Goodwill, director of 3rd Man, says in a release.
Authoritative analysis and perspective for every segment of the payments industry
Authoritative analysis and perspective for every segment of the industry
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