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The latest figures from Early Warning for Cardholder Not Present (CNP) fraud
show that Greater London had the largest number of fraudulent transactions in
the past year.
In each of these areas there were significantly higher numbers of fraudulent
credit card purchases than anywhere else in the UK.
Early Warning, the organisation that helps retailers, the Police and banks
monitor and counter on-line credit card fraud, has produced a map that
identifies the postcode areas from which the fraudsters operate.
It is done by tracking the delivery addresses for fraudulently obtained goods –
typically accommodation addresses and ‘dead letter boxes’.
This is believed to be the only reliable method of mapping credit card fraud.
While Greater London as a whole beats the rest of the UK for credit card fraud,
the problem is particularly serious in certain areas within London.
Outside London, cities and towns where CNP fraud is on the increase and which
look set to make it into the top 10 hotspots next year include Bournemouth,
Northampton, Portsmouth and Stockport.
Andrew Goodwill, Managing Director of Early Warning, commented: “We weren’t
surprised when we realised that London had come out on top of the fraudsters’
league table, with several postcode areas showing a very high incidence of
fraudulent CNP purchases.
“But what is surprising is the fact that some postcode areas both inside and
outside the Capital that last year recorded only negligible numbers of frauds
are now reporting ‘low’ or ‘medium’ numbers.
“Given that there are fluctuations within postcodes, it is a fact that no single
area of the UK is untouched by this problem.”
Source:
Getting Paid
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