London’s Spiralling Credit Card Fraud
The City of London is the leading financial centre in the world. Ok New York doesn’t do badly either!!
But it appears that London may well be becoming a leading centre for fraud too.
According to the Debt Line:
“London has come top in the UK as the region that encounters the greatest amount of credit card fraud, in a new survey.
Some 367,335 cases were encountered in the last five years – more than double the amount experienced in the Midlands, according to InsureandGo.
The amount stolen on cards ranged to upwards of £4,000, highlighting the need for vigilance and card security.”
Interestingly Perry Wilson, a spokesperson for InsureandGo, commented: “As our research shows, holiday card fraud is a massive problem and is continuing to get worse.”
I can only concur that the only credit card fraud I have encountered was on holiday to Spain. Just make sure you never let your card out your site is my advice.
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