Card fraud figures show rise in ID theft

Tuesday, 9 March 2004, 1:45 AM EST

Credit card fraud resulting from identity theft grew by almost half last year, according to figures released today by the Association of Payment Clearing Services (Apacs).

Fraud based on obtaining credit cards and loans using a victim's personal details has risen by 45 per cent from 2002, to £29.7m.

Sandra Quinn, Apacs communications director, said in a statement: "When plastic cards were first introduced in the 1960s it was never envisaged they would be used to buy goods where neither the card nor the cardholder would be present.

By Miya Knights at vnunet.

[ Read more ]




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